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Fewer Florida carriers to drop FHCF cover

The number of Florida insurers looking to lower their use of reinsurance from the Florida Hurricane Catastrophe Fund (FHCF) has dropped notably in the run-up to this year's 1 June renewal.

Fiona Robertson, 21 March 2017
Insider View: Demotech downgrade threat

Florida's smaller homeowners' carriers have averted the immediate threat to their critical A-range ratings.

David Bull, 21 March 2017
Florida downgrade threat remains on AOB concerns

Demotech's reprieve of the thinly capitalised Florida homeowners' sector may only be temporary, as the rating agency warned that without "meaningful improvement" in the assignment of benefits (AOB) situation, carriers in the state will likely face future downgrades.

David Bull, 21 March 2017
Zenk rate reduction muted as limit mushrooms again

Japanese mutual insurer Zenkyoren will secure only a marginal improvement on terms for its 2017/18 cat placement, as the world's biggest buyer prioritised an increase in the limit it purchased to almost $14bn.

Adam McNestrie, 21 March 2017
‘What the hell is blockchain anyway?’

Sometimes being so embedded in our industry can be a disadvantage for The Insurance Insider.

Mark Geoghegan, 21 March 2017
Japanese rates show further softening at 1.4

Rates on most Japanese property catastrophe excess-of-loss (XoL) treaties look set to slide by around 5 percent when they renew on 1 April, as reinsurers continue to offer concessions to buyers to defend their renewal books.

Adam McNestrie, 21 March 2017
Neon launches marine and construction consortium

Neon has continued to build its marine offer with the launch of a new marine and offshore construction consortium.

Laura Board, 21 March 2017
Opinion: Japanese renewals

This lunchtime we will publish our early take on the 1.4 renewals in Japan. Cat pricing is down 5 percent give or take. Ceding commissions in the round are up about a point on the quake quota shares.

Adam McNestrie, 21 March 2017
US flood mapping cuts could lead to premium hike

Insurance premiums could rise if the Trump administration cuts back the National Flood Insurance Program's Flood Hazard Mapping Program, the Consumer Federation of America (CFA) has said.

Laura Board, 21 March 2017
Reinsurance as import may pose risk to Florida: Study

Florida could see residential and commercial property insurance costs soar if lawmakers slap offshore reinsurers with a national border adjustment tax (BAT) proposed by Republicans in Congress, according to a new study.

Ted Bunker, 21 March 2017

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