At the urging of a regulator, Florida's state-run insurer oflast resort held an emergency meeting today and agreed to continueproviding building project windstorm coverage until year's end.

The Citizens Property Casualty Insurance Corp. board acted afterFlorida Chief Financial Officer Tom Gallagher wrote them last weekwarning there was "no viable [builder's risk] private-sectorcoverage available."

Meanwhile, a new partnership of Praetorian Financial Group andBritt Paulk announced yesterday that it was launching a builder'srisk program in Florida and the Gulf states to meet theshortage.

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