Florida's top insurance regulator told his bosses at the March 23 cabinet meeting that the state's property insurance market remains fragile despite no hurricanes hitting the state of Florida for the last four years.
Insurance Commissioner Kevin McCarty was forced to give an assessment and overview of the Florida market to Gov. Charlie Crist and members of the Florida Cabinet after a series of newspaper articles pointed out that more than 2 million families are insured by companies that are showing signs of financial weakness.
Those newspaper reports also said that McCarty's office has been very slow to reveal details to the public about the financial status of these companies.
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