Florida property insurers are warning residents that a major hurricane is likely this season given the state’s history of storms.

At the same time, the industry says the state-backed catastrophe reinsurance fund, the Florida Hurricane Catastrophe Fund, and the state’s property insurer, Citizens Insurance, are in better shape now than they were a year ago but financial shortfalls still exist.

The Florida Insurance Council, which represents 200 companies that write insurance in the state, has produced a white paper suggesting that the state may soon run out of luck after having gone three years without a major storm. The paper argues that history is not on Florida’s side. It notes that since the year 1900, on average, a hurricane makes landfall in Florida every other year and, on average, a Category 3 or stronger storm strikes Florida every four years.

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