* Growing number of insurers out of business in Florida
* Homeowners still waiting on claims from September storm
* State-backed insurer of last resort sees spike in policies
When Hurricane Ian slammed into his home in Cape Coral, causing about $90,000 in damage, Tom Paulits faced significant rebuilding work – but at least he was insured.
Nine months after the devastating storm, however, his claim still has not been paid – and his provider, who had assured him of continuing coverage until at least the end of May this year, dropped his policy in March after becoming insolvent. “The fact that they could just pick up and leave when you need it the most that’s just mind-boggling to me,” Paulits said from his home in southwest Florida.
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