With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?

With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?

For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund—mainly through a lowered retention, or deductible, level. Today, three years into Florida’s tort-reform …

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