Florida homeowners should never let flood insurance 'go bare': Tim Cerio | Fox Business Video

In a recent Fox Business segment, Tim Cerio, President and CEO of Citizens Property Insurance, emphasized the importance of flood insurance for Florida homeowners, especially in light of the recent Hurricane Milton. He warned against allowing flood insurance to lapse or become insufficient, given the substantial damages expected from such natural disasters. The discussion highlighted the vulnerability of properties in flood-prone areas and the necessity for adequate insurance coverage to mitigate financial losses.

Stock Forecasts

The demand for flood insurance and related financial products is likely to increase following the recent Hurricane Milton, as homeowners become more aware of the risks and the potential damages from flooding. This could lead to increased revenues for insurance companies, particularly those focusing on flood coverage.

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Citizens Property Insurance President and CEO discusses the estimated damage of Hurricane Milton on 'Cavuto: Coast to Coast.'