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Fla. Homeowners Market May 'Collapse' If Big Storm Hits This Year, Fitch Warns

Despite the efforts of state lawmakers, analysts at Fitch warn that the Florida homeowners insurance market could effectively "collapse" if a major storm were to hit the state this year, and that the

By Matt Brady | Updated on March 30, 2008

Despite the efforts of state lawmakers, analysts at Fitch warn that the Florida homeowners insurance market could effectively “collapse” if a major storm were to hit the state this year, and that the effect could be magnified by the withdrawal of private capital.

In its report, “Fitch Comments on Florida Homeowners Insurance Market,” the agency said that the Florida market may be in peril and is not likely to stabilize soon.

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