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Report: As insurance market wobbled, some companies paid billions to affiliated firms

Summary by The Florida Times-Union
Lawmakers questioned why a report showing millions going to insurance shareholders and affiliate companies remained hidden as key legislation passed.

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Key West CitizenKey West Citizen

Florida lawmakers look for insurance answers

Florida House members have begun digging into questions about property-insurance companies sending money to affiliated firms and shareholders while arguing the industry was losing money.

·Key West, United States
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The Florida Times-UnionThe Florida Times-Union

Report: As insurance market wobbled, some companies paid billions to affiliated firms

Lawmakers questioned why a report showing millions going to insurance shareholders and affiliate companies remained hidden as key legislation passed.

·Jacksonville, United States
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ricksblog.bizricksblog.biz

DeSantis administration hid damning insurance report

Florida lawmakers uncover bombshell: Insurers claimed losses while secretly funneling billions to affiliates. Was the insurance crisis manufactured?

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Islander NewsIslander News

Did Florida insurance companies rip off citizens by sending billions to affiliates while raising premiums?

Florida lawmakers peppered the state’s sitting and former insurance commissioners for three hours on Friday to demand answers about why they didn’t bring immediate attention to a 2022 report detailing money transfers from Florida insurers to out-of-state affiliates.

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The Suncoast News & ScoopThe Suncoast News & Scoop

Lawmakers confront Florida insurance chiefs over confidential insurance report   - The Suncoast News & Scoop

Lawmakers confront Florida insurance chiefs over confidential insurance report  - ABC Action News Francesco Abbruzzino, The Uncensored Report, LLC   Lawmakers scrutinized Florida’s current and former insurance commissioners on Friday morning, diving into a state report that has sparked serious controversy.     [embed]https://www.youtube.com/watch?v=tx30Xzqv6I4[/embed]

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The Suncoast News & Scoop broke the news in on Monday, March 17, 2025.
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