NU Online News Service, June 28, 3:45 p.m. EDT

Florida residents have more carriers to choose from when shopping for homeowners insurance compared to other hurricane-prone states, but the financial strength of new entrants there is “questionable,” according to Weiss Ratings.

Weiss reviewed homeowners insurance carriers in Texas, South Carolina, Louisiana, North Carolina and Florida and found that homeowners in most of those states have few choices when it comes to purchasing coverage. Weiss said just eight property and casualty insurers in each state besides Florida control anywhere from 58.5 percent to 77.2 percent of the market share.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.