HCI Group CEO Paresh Patel has reassured analysts that ratings agency Demotech’s requirement for Florida insurers to buy first-event reinsurance based on a one-in-130-year event will not have a big impact on the carrier.
HCI Group CEO Paresh Patel has reassured analysts that ratings agency Demotech’s requirement for Florida insurers to buy first-event reinsurance based on a one-in-130-year event will not have a big impact on the carrier.