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Sinkholes: Have Lawmakers Stopped the Downward Slide?

One of the toughest places in the Sunshine State to buy homeowners' insurance is South Florida where three hurricanes made landfall in the past two years while two other storms sideswiped the coast.

By Phil Galewitz | Updated on August 31, 2006

One of the toughest places in the Sunshine State to buy homeowners’ insurance is South Florida where three hurricanes made landfall in the past two years while two other storms sideswiped the coast. The same goes true for Southwest Florida that was likewise rocked by two hurricanes in the 2004 and 2005 hurricane seasons. But with all the rhetoric in the recently concluded legislative session it largely went unnoticed that the area where homeowners find it most difficult to find private insurance is roughly 50 miles north of Tampa in Pasco and Hernando counties. Here, residents have been spared the damage from Hurricanes Wilma, Charley, and Frances. But while having avoided the damage from hurricanes, the two counties have encountered their own storm, namely a hurricane of sinkhole claims.

A Bane for Insurers

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