Uncertainties hinder Florida ratings: Fitch

Fitch Ratings said that the lack of landfalling hurricanes in
Florida since 2005 has created a situation where the risk could be
put "out of sight, out of mind", increasing the potential
to under-estimate insured and economic losses from the next major
weather event.
The agency noted that many specialist Florida insurers have
improved their profitability and surplus in recent years but they
remain unlikely to achieve an A rating from Fitch.
In a report, Fitch commented that many Florida...