The underlying risks themselves — intensifying hurricanes, rising seas and climate change more broadly — aren't going away, and Florida remains woefully unprepared to deal with the costs. (Credit: Credit: SeanPavonePhoto/Adobe Stock) The underlying risks themselves — intensifying hurricanes, rising seas and climate change more broadly — aren't going away, and Florida remains woefully unprepared to deal with the costs. (Credit: Credit: SeanPavonePhoto/Adobe Stock)

(Bloomberg Opinion) — Florida's Republican-controlled legislature has finally taken meaningful steps toward addressing the state's runaway property insurance crisis. Unfortunately, it waited until the market was on the brink of collapse when good options were impossible to come by. Going forward, the legislature must prioritize forward-looking solutions to forestall future crises before they begin.

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