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Nov 19, 2009
Insurance: It’s All About Risk – Florida Insurance Tips
Let’s face it: it’s risky to offer property insurance in the Southeast and insurance companies must price that risk in the form of premiums. In the past 35 years, six of the 10 most costly insured losses were hurricanes. (Katrina was largest with billion in insured losses). Six hurricanes hit Florida in 2004-05 with insured losses of .8 billion. (To put these facts in proper prospective, the entire State of Florida’s proposed budget is approximately billion.)
By:
Robert Fowinklel
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