‘This is not a survivable market.’ Insurance crisis hits Fla.
News Source: Climate Wire Author: Thomas Frank Date Published: June 22, 2022 Three years ago, FedNat Insurance Co. decided it was smart business strategy to expand deeper into the South to diversify its coverage area. But in 2020 and 2021, major storms hit Louisiana and Texas, and the Florida-based property insurer lost tens of millions of dollars.…