Citizens Property Insurance woes

Here's an article about the "brand new," and yet unproven, insurance companies that are popping up on Panhandle in the past couple of months and taking on wind insurance policies. Problem with insurance companies with NO previous track record--you don't know how they will respond until you really need them. At least with some long-standing companies you see they are s.......l........o...........w in responding, but responding nonetheless. With these new guys on the block, they relieve Citizen's of the burden of risk, and put the risk back on the homeower--with these "new" companies, you've gotta wait until your house is a pile of lumber before you find out if the company pays in full, or worse, files for bankruptcy and fades off into the sunset . Caveat Emptor

http://money.cnn.com/2005/08/01/news/economy/hurricane_insurance/