Opinion: Florida’s good fortune should not lead to reinsurance gambling at the wrong time
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Opinion: Florida’s good fortune should not lead to reinsurance gambling at the wrong time

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Using the phrase “Florida’s good fortune” might seem oxymoronic in the context of the insurance market, given that homeowners are facing spiralling insurance premiums, insurers are facing a white-knuckle ride to their 1 June reinsurance renewal and reinsurers are looking to cut peak exposure.

But the state has also made it through almost 15 years without a truly devastating hurricane loss. Irma in 2017 was the costliest in recent years, but it did not result in many fatalities, and damage, while widespread, was...

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