Homeowners' insurance crisis unfolds in Gulf states

Realtors look to Congress for solutions

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The wave of hurricanes that slammed Gulf Coast states over the past couple of years has left lasting scars in the homeowners insurance market. While the housing market in Florida has performed well despite this barrage of storms, the real estate industry is now sounding alarms about the declining health of the insurance market.

If insurance is too expensive and adequate coverage becomes scarce, some homeowners may not be able to purchase or sell homes.