This year’s relatively tame hurricane season in Florida has not quelled the fears of a small group of people in St. Petersburg. For two years they have been sounding a wake-up call of impending financial disaster should a major storm hit Florida.

In November 2006, distressed by rates and capacity in the homeowners’ market and critical of the Florida Hurricane Catastrophe Fund’s (Cat Fund) operations, former state legislator and insurance agency owner Don Crane and eight other executives began searching for a solution.

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