Florida's big gamble to fix the state's property insurance market is becoming more and more a losing bet.
State lawmakers rolled the dice in 2007 and expanded the size of the backup insurance the state provides to insurers as a way to control the prices of private property insurance. Their luck has held out for two years as Florida avoided any serious hurricanes.
But the ongoing national credit crisis and recession has done what the weather couldn't: Batter the Florida Hurricane Catastrophe Fund so much that it may be unable to keep insurance rates down any longer.
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.
