All Florida articles – Page 2
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NewsHurricane Ian slams into Cuba; gains intensity
Industry losses ranging between $15 billion and $35 billion are an increasing possibility - Guy Carpenter
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NewsHurricane Ian takes aim at Florida
Current forecasts show the storm skirting the west coast of Cuba before intensifying as it crosses the Gulf of Mexico
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NewsLosses paid to Florida carriers quadruple in just three years
Losses paid by US-domiciled reinsurers topped $1 billion in 2021, prompting market correction - AM Best
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NewsFLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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NewsMid-year renewals: Inflation takes its toll
Pricing was near “distress levels” at mid-year as reinsurers face their toughest market since 2008, says Gallagher Re
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NewsBuyers faced “near-perfect storm” at 1 July
Alternative capital set for robust year as traditional capital decreases, states Aon
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NewsHeritage details cat reinsurance program
Reinsurance to Assist Policyholders (RAP) program unnecessary despite ’deteriorating capacity for Florida risk’
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NewsRates up 20% to 30% at ‘Florida book’ renewals
Some carriers are exiting business to make their catastrophe reinsurance more affordable
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NewsFlorida property insurers under “immense pressure”
Elevated reinsurance costs, coupled with higher loss and litigation costs, are challenging Florida property insurers - AM Best
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NewsInsurers are making demands of 40-year-old buildings after Surfside condo collapse
The deadly collapse of the 136-unit high rise has spooked an industry that had already considered older condos on the coast — with their hurricane exposure, their common ownership structure and reputation for delaying maintenance — a high risk, experts say.
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News‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations
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NewsFlorida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The rate increases in Florida, the third-largest property insurance market among ...
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NewsMajor hurricane brews in Gulf of Mexico, threatens Louisiana-Florida
Tropical Storm Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane Center said. If Delta strikes the U.S. Gulf Coast, it would break a record ...
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