Eight hurricane-free years in Florida and a seller’s market in catastrophe bonds have fortified the state against the cost of major storm damage as the 2014 Atlantic hurricane season starts June 1.
“Florida is in its best position in a decade,” said Robert Hartwig, president of the Insurance Information Institute.
Yet the nation’s riskiest state for storm damage opens the 6-month-long hurricane season against a backdrop of new condominium towers piling new risk along the vulnerable South Florida coast.
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