Florida's property insurance: Give consumers real choices

With hurricane season approaching, Floridians face increasing risks from poor public policy that makes it difficult to protect their homes.

The state has watched Allstate, Nationwide, Prudential, USAA and State Farm leave in the face of excessive regulation. Underfunded, state-run Citizens Property Insurance Corporation has become the largest insurer in the state, with the highest risk exposure.

When a major storm hits, all insurance customers could face a significant state "hurricane tax."

Florida's property insurance market is broken. Citizens has become the insurer of first resort, chasing out private insurers and capital desperately needed to pay future hurricane claims. The Florida Hurricane Catastrophe Fund is facing a frightening shortfall...

Jacksonville.com: Property insurance: Give consumers real choices