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Florida's Citizens Secures $1.75 Billion for its High Risk Account

Southeast News • June 20, 2008
Florida's state-backed Citizens Property Insurance Corp., says it has secured pre-event financing of $1.75 billion for its high risk account. This amount is in addition to the $1.6 billion bank ...

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Subject: RE: Simply amazing

Posted On: June 20, 2008, 8:21 pm CDT
Posted By: jb
Comment:
Glad to see that Citizens is preparing irrespective of the rate freeze and other predicaments imposed by legislature (versus taking the approach of just waiting for an event and working assessments). Purchase of private market reinsurance in addition to the CAT fund reinsurance is a step in the right direction for the company. Sounds like management is making things happen to lessen the impact of potential future assessments.
Subject Posted By Posted On
RE: RE: RE: RE: Simply amazing smc
Jun 23, 2008, 12:57 pm
RE: RE: RE: Simply amazing T.H.
Jun 21, 2008, 10:01 pm
RE: RE: Simply amazing wudchuck
Jun 21, 2008, 4:08 pm
RE: Simply amazing jb
Jun 20, 2008, 8:21 pm
Simply amazing Stan
Jun 20, 2008, 2:51 pm
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