The chief executive of Brown & Brown said some portions of the Florida property insurance market are beginning to show signs of substantial rate hikes and that there could be a capacity crunch on some commercial coverage.

J. Hyatt Brown, chairman and chief executive officer of the Dayton Beach, Fla.-based insurance broker, said commercial property insurance in the tri-county section of Florida (which covers the counties of Broward, Dade, and Palm Beach Counties) is seeing dramatic increases.

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