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From the staff of the Tampa Bay Times

Good thing that insurance problem got fixed



The state's insurer of last resort is on a blistering pace to add more than 100, 000 new policies in June alone. The company originally designed as a backup for people who couldn't get insurance anywhere else is well on its way to shouldering at least half of the state's total property insurance risk. In other words, more than half of the estimated $1-trillion total value of all insured homes in Florida could be insured by Citizens by year's end. No other state in the country comes even close to that kind of coverage for a public insurer.

More here.

[Last modified: Wednesday, September 15, 2010 2:30pm]


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