It Figures

77.2%

In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2
percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North Carolina, South Carolina and Texas as the most hurricane prone states, based on the number of hurricane strikes recorded between 1851 and 2004, according to the National Hurricane Center.

The rankings are: Florida (110); Texas (59); Louisiana (49); North Carolina (46); and South Carolina (31). In Texas, eight carriers commanded 77.2 percent of the homeowners insurance market at the end of 2009. In Hawaii, approximately 20 insurance carriers have filed for hurricane insurance rates, according to the state Department of Insurance