FL’s insurer of last resort faces hurricane season with shortfall of reinsurance coverage

News Source: Florida Phoenix Author: Laura Cassels Date Published: June 14th, 2022 Like some private insurers, Florida’s state-run property insurance corporation has been unable to acquire all the reinsurance coverage it needs to cover risks posed by hurricanes and other threats in the coming year. Citizens Property Insurance Corp., the state’s insurer of last resort, has acquired about…