Reinsurers split Florida market on credit risk
As reinsurers pick their way through the mess of the Florida property cat market ahead of the key 1/6 and 1/7 renewals, a picture is emerging of a bifurcated marketplace with differing rates and payment terms for insurers based on their credit risk.
The state's insurance market - increasingly dominated by small-cap Florida-only homeowner writers - has seen a spate of company failures, ratings withdrawals and mergers over the last year.
With growing pressure from claims costs and a declining...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
