Florida has one of the least effective property and casualty insurance systems in the country, according to a new study that gave Florida and four other states an 'F' grade. Florida had the worst rating in the residual homeowners category, which measures how much of the market is served by government-provided insurance. Jacksonville-based Citizens Property Insurance Corp., the state-run insurer of last resort, is No. 1 in statewide market share.........more
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