Challenges in Florida domestic property market pile up as hurricane season looms

Eileen AJ Connelly

26 May 2021

Vacation Beach Houses in St. Augustine, Florida — A row of vacation cottages in the sand dunes in St. Augustine, Florida.

AM Best said predictions for an active 2021 hurricane season only compound the list of pressures carriers must manage in the Sunshine State, as Florida insurers’ move to increase their rates may be “too late and a dollar short”.

Profitability has suffered despite no hurricanes making landfall in Florida in the past two years, the ratings agency said.

AM

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats
Fuel a smarter strategy for business growth

Request a free trial Already a subscriber? Log in now

Topics

News Re/insurers Florida Hurricane Property Claims and losses

EC

Eileen AJ Connelly