Florida’s Citizens Property Insurance Is Ready For Irma

A decade-long lucky streak of decent weather that helped rescue one of Florida’s biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true. The state-run Citizens Property Insurance Corp. is strong enough to absorb the blow from the monster storm, industry experts say, but all the new claims could punch a hole in its finances, possibly leading to higher premiums in future years. "Irma will threaten the part of the state where Citizens’ market share is the greatest, directly on the coastline," said Robert Hartwig, an economist and insurance expert at the University of South Carolina.