Small Florida Insurers Rush In On The Quiet After The Storms – WSJ.com
CHICAGO (Dow Jones)–As big insurance companies back away from insuring homes along the hurricane-prone coast of Florida, some small, nimble insurers are rushing in – at least until the next big storm.
The biggest insurance companies pulled back in Florida after a string of big storms in 2004 and 2005 caused billions of dollars in insured losses. The vacuum caused by a shortage of insurers, along with state programs to help build capital, has persuaded around 30 property insurers to come to the state since 2006.
But if a big storm does come along, some of these companies could be …