US natural disasters hit insurance companies

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Florida’s Tropical Storm Idalia is the most expensive natural disaster to hit the United States this year. Insurance companies in Florida are now under pressure; nine property insurance firms have closed down since 2021. We hear from a business in Cedar Key which was badly damaged by the storm. (Picture: KEATON BEACH, FLORIDA - AUGUST 31: Storm debris is wrapped aground a utility pole in the aftermath of Hurricane Idalia on August 31, 2023 in Keaton Beach, Florida. Picture Credit: Getty Images).