Jimmy Patronis, other officials urge patience as property insurance rates continue to rise

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Jimmy Patronis, other officials urge patience as property insurance rates continue to rise

Florida’s homeowner insurance crisis is turning a corner with “light at the end of the tunnel” and “good news” as a slate of new companies come into the market and put downward pressure on rates. But homeowners, still facing price hikes, aren’t seeing it yet. That was the message from most officials at an insurance panel convened by Chief Financial Officer Jimmy Patronis. He and other lawmakers and regulators touted changes enacted by the Legisl…