The Florida insurance commissioner issued an announcement yesterday saying that with the hurricane season now underway, he was happy to introduce eight new carriers that have entered the state's property-insurance market.
"It gives me great pleasure to introduce new insurers to the state of Florida," remarked Insurance Commissioner Kevin McCarty. "These new companies not only provide much needed investment to our marketplace but demonstrate the commitment of the industry to continue to conduct business in our state."
The Florida Office of Insurance Regulation said that a week before the June 1 hurricane season started it had completed two new applications from carriers, bringing the total to eight new insurers entering the property and casualty insurance marketplace in Florida since January 1, 2007.
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