Florida reinsurance News

Florida Hurricane Fund Financial Condition As ‘Strong As Ever’

Florida is ending this year’s storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been since it was created 20 years ago. New estimates drawn …

Florida Regulator McCarty Answers CFO Over Reinsurance Costs

Florida’s insurance regulator, in response to questions why lower reinsurance costs have not translated into reduced homeowners rates, said insurers have significant leeway in how they incorporate those costs into rates and any changes can take a significant amount of …

Florida CFO: Why Aren’t Florida Property Rates Falling Along with Reinsurance?

Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial Officer Jeff Atwater in a letter this week to Insurance Commissioner …

Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed

Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by billions due to concerns that one major storm could exhaust its resources and leave insurers without further coverage. The Florida …