NU Online News Service, Jan. 27, 3:20 p.m. EST
Since the windstorm mitigation discounts were implemented for Florida homeowners, the residential property insurance market's financial performance has worsened, according to a state study group.
Florida's Commission on Hurricane Loss Projection Methodology's Windstorm Mitigation Committee said in a draft report that this result "is particularly disconcerting given that the market has experienced no hurricane losses in the past four hurricane seasons."
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