New report offers ideas to expand insurance availability
The Congressional Budget Office (CBO) is out with its latest report, representing Congress’ ongoing effort to examine the property insurance market and determine if it has the juice to provide adequate, available, …
Plus, Citizens’ ongoing depopulation
The Florida Hurricane Catastrophe Fund is borrowing billions in preparation for the next big storm, the reinsurance industry says a federal cat fund backstop is unnecessary coming off a profitable year, plus the latest on Citizens …
Includes ending federal flood insurance
Although we are seeing a leveling off of reinsurance costs as of the January 2024 renewals, Congress has initiated legislation to stem reinsurance prices. A bill introduced in Congress last week would establish a federal …