As more carriers withdraw or cut back on exposure, premium ratesshould soar
By Steve Tuckey
The announcement earlier this month that Nationwide InsuranceCompany of Florida will not write new homeowners policies brings toseven the number of carriers that have moved to reduce theirexposure in the state. With the hurricane season just several weeksold–and several named storms already to its credit–analysts worrythat the state could face a capacity shortage in the comingmonths.
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