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NU Online News Service, June 28, 3:45 p.m. EDT

Florida residents have more carriers to choose from when shopping for homeowners insurance compared to other hurricane-prone states, but the financial strength of new entrants there is “questionable,” according to Weiss Ratings.

Weiss reviewed homeowners insurance carriers in Texas, South Carolina, Louisiana, North Carolina and Florida and found that homeowners in most of those states have few choices when it comes to purchasing coverage. Weiss said just eight property and casualty insurers in each state besides Florida control anywhere from 58.5 percent to 77.2 percent of the market share.

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