In other words, when – not if – a major flood event occurs in Florida and policyholders start filing claims by the boatload, it remains to be seen whether carriers took in enough premiums to pay out all the losses. Insurance companies have reinsurance for this contingency,
Four things that could affect Florida business this summer. One involves flood insurance. Blue-green algae enveloping an area along the St. Lucie River in Stuart, on the east coast of Florida.
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