Security First reports 50% fewer litigated claims as it seeks $100mn First Coast Re coverage

10 March 2023

Security First recorded a 50% drop in litigated claims during the first two months of the year compared to 2021, after legislative reforms in Florida began having a “transformational” impact, Locke Burt, chairman and CEO, told this publication.

The comments came after the Florida carrier went out to the cat bond market last week with a First Coast Re private bond issuance.

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