Comment on Experts say Florida insurance market can handle another hurricane this year — and stay healthy

Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s troubled home insurance market, local experts say the market can manage losses from Milton and are ready to cover yet another hurricane, if one should come. AM Best and Fitch Ratings each issued reports last week warning that Milton could stretch liquidity of Florida-based insurers that are primarily focused on protecting in-state homeowners. “Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely susceptible to significant catastrophic events,” said AM Best in a news release promoting a report issued before Milton hit Florida on Oct.