Senior Vice President - Lockton Companies Helping the C-Suite develop customized risk management and employee benefit solutions
Some positive developments in the Florida insurance market have been reported recently by AM Best. According to AM Best, this downward trend shows early signs of positive impact from the reform. In 2023, Florida carriers also bolstered policyholder surplus by $532 million without relying on major cash injections. The news on the reinsurance market, however, presented a more mixed picture. After years of upheaval with soaring rates and coverage limits, the 2024 renewals for most Florida carriers appear to be remarkably stable. Read the entire article here: https://lnkd.in/erFJ4iYz #StormReport #FloridaInsurance #PropertyCasualty (Graphic credit UF Warrington College of Business)
