Concerns apparent over certain Florida insurers’ lack of financial depth
Early damage estimates from Hurricane Helene were in the $10 billion range. That’s according to NSI Insurance CEO Oscar Seikaly, who told TBBJ Money Reporter Christina Georgacopoulos that it is mainly because structures in Tampa Bay and areas along the Gulf Coast are older and especially vulnerable to damage. Read more in her reporting on how Citizens Insurance Property Corp., the state-backed insurer that accounts for 299,600 policies – plays into the situation.
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