As businesses confront mounting problems in finding or affording windstorm insurance, civic leaders are grappling for workable solutions. The massive collapse of the hurricane insurance market for Florida businesses has morphed from an economic headache just weeks ago into a clear and growing threat to the region’s economic vitality.

Ultimately, business leaders say, the lack of affordable windstorm insurance could do something no hurricane ever has done to South Florida: produce permanent, crippling economic damage. ‘’It is a crisis situation,’’ said Frank Nero, head of the Beacon Council, Miami-Dade’s tax-funded economic development agency. ``This is not just a case of companies making less money. It’s not being able to stay here, or expand here, or move here. And that ultimately translates to fewer job opportunities.’’ It isn’t just a headache for business owners—much of their higher costs are likely to ripple into consumers’ pockets.

For more information on this and other real estate matters, your first source for Palm Beach real estate should be licensed agent and long-time resident Caesar Parisi.

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