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Fla. Property Bill Helps, But Citizens Competition Will Keep Large Insurers Away

The property-insurance reform bill recently passed in Florida will help improve insurers’ bottom lines, but large homeowners insurers are unlikely to expand their presence in the state due to continued competition from the insurer of last resort, according to Moody’s.

By Phil Gusman | Updated on May 23, 2011

NU Online News Service, May 23, 2:56 p.m. EDT

The property-insurance reform bill recently signed in Florida will help improve insurers’ bottom lines, but large homeowners insurers are unlikely to expand their presence in the state due to continued competition from the insurer of last resort, according to Moody’s.

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