Florida’s Mitigation Credit Program: What Went Wrong?

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Florida's program of premium credits for storm-proofed homes has been one of the contributors to the financial woes of some property insurers. The program appears to have encouraged fraud with millions of dollars in credits being awarded based on questionable inspections. Re-inspections found error rates as high as 80%. So how did such a well-intentioned program get out of control? The answers-- and some fingerpointing-- in this interview come from agency, carrier and regulatory points of view.

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