Reinsurance’s role in rising rates
A Florida property insurance company says it will be able to lower rates for some of its customers, an incoming company to the Florida market warns that restricting cancellations will deter other carriers from writing …
Plus, a new hurricane warning
Governor DeSantis’ warning about Citizens Property Insurance, details on the next rate increase facing some Florida policyholders, how excess litigation is driving higher automobile insurance rates, plus what Florida disaster management officials will be doing …
50%+ rate requests considered
Two property insurance companies explain at public hearings the reasons they need 50%-plus rate increases on their Florida policies, reinsurance companies express concern to Florida insurance carriers about potential loss creep from Hurricane Ian, plus a …