Insurance-related concerns reacted with cautious optimism to Friday’s naming of David Altmaier as Florida’s new Insurance Commissioner.
“The Personal Insurance Federation of Florida is committed to working with the new commissioner to increase the health and stability of the property and casualty insurance market in Florida,’’ Executive Director Michael Carlson said in a statement.
The group represents Allstate, Castle Key, Progressive and State Farm insurance companies in Florida. It says its members write “nearly half of all auto policies in Florida and about 20 percent of all homeowner policies.”
“In particular, we welcome the chance to bring ideas to the commissioner to help increase competition and consumer options in the personal lines markets,” Carlson added.
“Florida needs a vibrant market for auto and homeowners insurance, but we must be mindful of the risks associated with fraud, abuse, and Mother Nature,’’ he said. “We look forward to working collaboratively with the new insurance commissioner and the Office of Insurance Regulation to address these risks.’’
