Hurricane Insurance

By: Associated Press
By: Associated Press

Four small insurance companies are canceling policies in hurricane-battered Florida.

But a spokesman for the insurance industry says only a small percentage of the state's homeowners are affected.

Liberty American, Penn Charter, Auto-Owners and Mobile USA have started canceling policies. The four companies have about 191,000 policies combined across Florida.

An emergency rule put in effect after the four hurricanes hit Florida last year is still in effect. It prohibits cancellations until 60 days after storm damage has been repaired.

That order expires March 31st but is likely to be extended.

Insurance industry spokesman Sam Miller says the development is minor.


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