Florida has 3 trillion of Real Estate value which is 30% of the entire country and only New York can compete with another 3 trillion so the risk is here for sure. We have been lucky since 2005 with Hurricane Wilma and the Insurance  reserves are building. We can now handle a normal storm, but not a 1 in 30 year storm. Also, we are not ready for 2 storms in 1 season so what can we do???  That is the answer everyone looks for, but it has been made very clear that Citizens Insurance must be reduced in size and this new bill should make this happen by 2014. If this did not happen then Citizens would have to raise rates  so high to make themselves actuarily sound that the Real Estate Industry could not recover from it.  Here in Fort Lauderdale we will still see some big rate hikes this year and next and it will take a new Governor for that to change. Please enjoy the article below and please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance quotes as well at 1-888-244-7400.