NU Online News Service, June 2, 2:47 p.m. EST
Forecasters say Florida is the most likely state to get a hurricane landfall, and storm activity is supposed to be above normal, putting all property insurers in this extremely volatile market on notice.
"It is hard to say," answers Insurance Commissioner Kevin McCarty when asked how many of the state's insurers will be in financial trouble if the forecasts are right. "It depends on whether it's one event—how severe it is. Or will it be a series of events? What is the company's reinsurance [and] reinstatements?"
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