Home Insurance. Sunday , December 24th , 2017 - 00:20:46 AM
For starters this company faced an onslaught of both new and reopened claims from Hurricane Wilma - a storm that struck Florida nearly four years ago in October of 2005. These claims contributed to the ultimate collapse of this company because its backup reinsurance from 2005 was exhausted, leaving this small company on the hook to pay these claims from its own surplus.
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