Take it or leave it...
The unexpected decision by state-backed insurer Citizens to not buy its share of the Florida cat fund's optional coverage layer for the forthcoming hurricane season could have an impact on demand for private reinsurance in the state.
The so-called Temporary Increase in Coverage Limits (TICL) layer of the Florida Hurricane Catastrophe Fund (FHCF) is due to be cut by another $2bn to $8bn on 1 June. It is part of a legislative plan to phase out the cover, which was...
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