Planet Realtor News Item

Planet Realtor News Item: "New property insurers: Undaunted by Florida's climate
MIAMI -- Aug. 9, 2006 -- Wayne Fletcher is accustomed to the typical response he gets when introducing himself as the president and CEO of a start-up insurance company that's about to begin writing property and casualty policies in the state.

'Are you crazy?' people ask him. 'You're in Florida.'

But those skeptics aside, Fletcher is excited that he will see Miami-based Northern Capital Insurance ink its first policy sometime this week. It is one of 24 new insurance companies that have entered the state since the beginning of 2005, according to the Florida Office of Insurance Regulation."