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Editorial: Florida Property Insurance Companies Face Challenges
Englewood Sun (FL)
OUR POSITION: The next big hurricane will be devastating to Florida s insurance industry but homeowners may not have to wait until then to pay the price.
The Florida Senate is pushing through a bill that could buffer what is expected to be a significant increase in property owners insurance premiums. That s the good news.
The bad news was highlighted recently in a Tampa Bay Times story and that is Florida s insurance industry is hurting and the future is not bright.
The writing is on the wall - and it says our rates are going up. There is no other logical solution - other than dozens of companies going out of business the next time a hurricane makes a direct hit on our state.