While there is no preventative measure to stop a hurricane from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years.
In March, Citizens Property Insurance Corp., the state-backed insurer of last resort, shrank to below 600,000 policies, well below its 1.5 million peak in 2005. Resulting from five years of efforts by Citizens leadership and Florida policymakers, Citizens is in a better financial position to weather the storm.
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