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Motorists head north on US 1 in heavy traffic as Hurricane Irma continues its path in the northeast Caribbean, Tuesday, Sept. 5, 2017, in Key Largo, Fla. Hurricane Irma grew into a Category 5 storm, the most powerful seen in the Atlantic in over a decade. (AP Photo/Alan Diaz)

(Bloomberg) – As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state.

Universal Insurance Holdings Inc., with a market capitalization dwarfed by industry giants like Allstate Corp. and Travelers Cos., has the largest share in the Florida homeowners industry. It’s one of several lesser-known firms that have grown rapidly in a state that’s among the most vulnerable to Atlantic storms.

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