Florida insurance market still a house of cards despite slow hurricane season

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Private insurers have had another year with no hurricanes, yet many remain on shaky financial ground as they weather non-hurricane losses and stormy investment markets that have hindered efforts to rebuild surpluses necessary to pay claims from the next big storm. State regulators have begun to take action against financially vulnerable companies and ratchet up rates at the state-run insurance pool that has become the largest insurer of property in Florida.

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