Florida Borrows $2.25B for Hurricane Fund While Rates Are Low September 1, 2020 By Danielle Moran With hurricane season barreling down on Florida, the state is seizing on low interest rates to borrow $2.25 billion for...
A Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers August 21, 2018 Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event...
Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings September 21, 2017 Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss...
Key Florida Players to Highlight Importance of Catastrophe Reinsurance April 25, 2016 By Joseph L. Petrelli Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most...
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results October 29, 2015 By Amy O'Connor Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in...
Aon Expands Florida Reinsurance Operations October 27, 2015 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, is expanding its reinsurance and analytical capabilities in...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter June 5, 2015 After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most...
Florida Insurance Rates Still High Despite Several Storm-Free Seasons June 1, 2015 By Gary Fineout Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane...
Florida Hurricane Fund Financial Condition As ‘Strong As Ever’ October 17, 2013 By Gary Fineout Florida is ending this year’s storm season with some good news. The state-created fund that backs up private insurers in...
Florida Regulator McCarty Answers CFO Over Reinsurance Costs August 12, 2013 Florida’s insurance regulator, in response to questions why lower reinsurance costs have not translated into reduced homeowners rates, said insurers...