Experts Warn Of Insurance Woes If Hurricane Hits

Insurance experts are warning that the growing popularity of state-backed insurance programs in coastal states, like Florida's Citizens' Insurance, could mean difficulties paying the claims when disaster strikes without asking all insurance customers to pay surcharges to cover the cost. Florida insurance experts say that there is currently no solution. As reported by USA Today, experts point to Florida, which imposed more than $4 Billion in surcharges to all state insurance customers following the disastrous hurricanes of 2004 and 2005.