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2007 Industry Outlook
Insurance
Property insurance takes center stage.
International Interest
International Insurers
Foreign-based insurers are showing a growing interest in basing operations in Florida, says Bowman Brown, partner at Shutts & Bowen in Miami.
Since the Legislature in 2005 enacted a landmark law, the first of its kind nationally, to allow offshore insurers to sell annuity and life insurance from Florida to non-U.S. residents, three companies have received state approval to set up shop here, and a fourth has an application pending.