Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market
An insurance advisory firm is calling for reinsurers to withhold capacity needed by Florida insurance companies to ensure all of their policyholders are covered for the upcoming hurricane season. Florida experts say such a strategy would lead to chaos.
A national insurance industry research analysis firm is calling for the global reinsurance industry to shock Florida lawmakers into enacting meaningful property insurance reform. But the strategy the firm proposes would not only shock lawmakers, it would interrupt coverage for untold numbers of Florida homeowners and transfer billions of dollars of.