Monday, August 17, 2015
Propery and Casuality
Flood Insurance Rates ‘Unfairly Discriminatory,’ Florida Regulator Says
"The averaging together of zones with different costs and charging one rate would be considered unfairly discriminatory from an actuarial perspective which would not pass scrutiny under Florida law." But the evidence suggests the National Flood Insurance Program has paid out only 28.3 cents in losses for every dollar in premiums collected in Florida from...
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