Florida’s homeowners insurance market may be in peril and is not likely to stabilize soon, despite state lawmakers’ efforts, analysts at Fitch Ratings said today.

In a report titled “Fitch Comments on Florida Homeowners Insurance Market,” the agency said that from a ratings perspective the market for homeowners coverage in Florida could effectively “collapse” if a major storm were to hit the state this year, and that the effect on the markets could be magnified by the withdrawal of private capital.

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