Florida Chief Financial Officer Jimmy Patronis says the financial markets are still adjusting to the 'cost of business' for hurricane-prone Florida.
"We have roofers who were not licensed… besides these unlicensed activity, you have adjusters out there giving people a lot of hope that they're going to make all sorts of money in return," Lichtenstein said.
"Once the lawsuits dissipate and capitalism comes back into and insurance companies can make money here like any other business," he added, "they'll come back and play. And that will end up lowering insurance costs in the long run."
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