Florida’s Citizens Faces Hurricane Season with Reinsurance Shortfall

Florida insurer of last resort

Florida’s state-run property insurance corporation, like some private insurers, has been unable to obtain all of the reinsurance coverage required to cover the risks posed by hurricanes and other threats in the coming year. Citizens Property Insurance Corp., the state’s last-resort insurer, has obtained roughly one-third of the backup coverage it sought, according to spokesman… Continue reading Florida’s Citizens Faces Hurricane Season with Reinsurance Shortfall