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4 January 2024Reinsurance

Florida carriers upped reinsurance 11% in ‘23, escaped rate noose

Florida-based insurance carriers increased their reinsurance purchase by an average of 11% for the 2023-24 catastrophe year on risk-adjusted rate hikes of just over half the initially feared level, Florida regulators said of data collected in an H2 2023 survey of insurers under their jurisdiction.

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