Establishing a dedicated funding source for grants to homeowners to strengthen their homes against hurricanes is one of a number of recommendations from a Florida business panel seeking to restore a private insurance market in the state.
The Florida Hurricane Crisis Coalition is a coalition of businesses gathered under the auspices of Associated Industries of Florida (AIF), a Florida business association. The coalition's purpose is to lend a single voice in advocating to policymakers' property insurance initiatives to create a sustainable property insurance market for both residents and commercial policyholders, according to the American Insurance Association, which is a member.
In a statement, AIA said a series of recommendations from the coalition were forwarded to the Florida Legislature in advance of a special session being convened later this month to deal with the perceived crisis of fading interest by private insurers in doing business in the state.
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