Report: Florida insurers’ ability to respond to next catastrophe ‘uncertain’ (Sun Sentinel)

The ability of Florida’s young homeowner insurance companies to manage a large catastrophic hurricane is “uncertain” despite recent strong financial performance, a new Fitch Ratings analysis asserts. The report released last week, “Florida Homeowners Insurance Market Update: No Time for Complacency Following Hurricane-Free Decade,” says the short history and lack of experience with catastrophes would…