We are now a few days past Hurricane Idalia making landfall in Florida. Damage is still being assessed and individuals are still being aided to help them return to normal.
But soon, the conversation may turn to a bigger issue: Florida’s still floundering home insurance market.
As CFO Jimmy Patronis noted after Idalia’s landfall, the storm hit a less-populated area of the state. Patronis called that a “silver lining” for the insurance market.
“It was a very narrow part of the state, but it was also a very fast-moving storm,” Patronis said. “Fast-moving storms don’t have an opportunity to dump as
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