Florida has effectively forestalled any immediate exodus by carriers from the state's homeowners insurance market in the wake of last week's tornado catastrophe, a government spokesman said.
But a consulting expert said the upshot of moves by officials and lawmakers is to discourage insurer involvement in the state.
Florida's state cabinet passed an emergency regulation that prohibits insurers from non-renewing policies until they make a new rate filing that includes expected savings on reinsurance costs.
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