-
The carrier has completed its 2024-25 reinsurance renewal. -
The coverage will be indemnity, annual aggregate for Florida named storm.
-
Eleven hurricanes are predicted, with five expected to reach Category 3 or higher.
-
FHCF rates are also projected to decrease by a statewide average of 7.38%.
-
The bond offers named storm coverage in Florida.
-
The body’s budget committee is again pressing Citizens over solvency concerns.
-
The carrier is seeking named storm coverage in the state of Texas.
-
The closing of the Interboro sell-off was postponed to nearer the end of the year.
-
The increase in limit reflects the carrier’s growing exposure.
-
The state-backed fund had been advised to increase its allocation of ILS to 1%.
-
The carrier is now offering up to $250mn of Class A notes and $150mn of Class B.
-
The bond will provide protection from named storms in Florida for three years.
