With Florida’s property insurance market stabilizing, experts fear an active hurricane season could reverse ‘momentum’

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With Florida’s property insurance market stabilizing, experts fear an active hurricane season could reverse ‘momentum’

Florida’s property insurance market is showing signs of stabilization, according to the president of the Florida Senate. However, experts said an “explosive Atlantic hurricane season” predicted for this year could pose a threat to that positive trend.In a memo, Florida’s Senate President, Kathleen Passidomo wrote with optimism that the recent reforms regarding property insurance seem to be working.“We are seeing new insurers and new private capi…