#BREAKING: Florida House Speaker @Daniel_PerezFL scorches property insurance companies, vows subpoenas and hearings will be underway over "accounting tricks"
"The insurance industry came to the legislature and said without sweeping reforms, companies could not compete in Florida. We have since learned of reports, in existence at the time but not disclosed, that may suggest some insurance companies were using accounting tricks to hide substantial profits while telling us they were in a crisis."
"I have asked that the Insurance and Banking Subcommittee will conduct hearings... issuing subpoenas, putting witnesses under oath, and hiring outsider experts."
"We are the House of Representatives. We are the voice of the people. We must speak for them on the issues that matter. Property insurance matters to the people of Florida."
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