Elevated reinsurance costs, coupled with higher loss and litigation costs, have challenged Florida property insurers’ surplus levels and hindered balance sheet strength, leading many to rethink risk appetites, according to a new AM Best commentary. The Best’s Commentary, titled, “Troubled Florida Property Market Participants Under Immense Pressure,” notes that insurers’ ability to purchase the same… Continue reading Troubled Florida Property Market Insurers Under Immense Pressure: Best
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