When a hurricane starts churning through the Atlantic Ocean or Caribbean and takes aim at the Florida coast, many homeowners, as they load up their car and head for higher ground, feel helpless as they contemplate the potential damage to their home. These scenes of people searching for their possessions, as they push aside parts of broken boards, soggy drywall, and insulation, reinforce the need and value of insurance.
However, the now well-documented problem is that if enough homes are damaged, if enough blue tarps are left to blow in the wind, there is the real possibility that the insurance industry may not have the ability to pay all the claims, much less give homeowners the chance to rebuild their shattered lives. For more than a decade and-a-half, Florida has been engaged in solving these problems for good and bad as witnessed by the creation of the Florida Hurricane Catastrophe Fund and Citizens.
Meeting the Challenge
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
