Fortunately, some forecasters sharply rolled back their damage estimates as Irma moved up the Florida peninsula and lost strength. Homeowners’ insurers do not generally provide flood insurance. Investors dumped the stocks of Florida insurers last week as they anticipated the resulting claims and losses. Mr. Hamid led the development of the Florida Public Hurricane Loss Model, which is used by state regulators to assess insurers’ financial strength, among other things. The largest homeowners’ insurance company in Florida remains Citizens Property Insurance.

Source: New York Times September 11, 2017 09:01 UTC