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September 8, 2017

Top Florida home insurer could take a big hit: Irma

By BERNARD CONDON and GARY FINEOUT
Associated Press

NEW YORK — A decade-long lucky streak of decent weather that helped rescue one of Florida's biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true.

The state-run Citizens Property Insurance Corp. is strong enough to absorb the blow from the monster storm, industry experts say, but all the new claims could punch a hole in its finances, possibly leading to higher premiums in future years.


 
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