Shutterstock.com_713647801/Zhukova Valentyna
18 March 2025Reinsurance

Give us a double digit mid-year rate cut or broker heads roll, Citizens warns

Florida's residual windstorm market insurer Citizens is pressing hard for a double-digit cut to reinsurance rates at the mid-year renewals, amid threats from the governing board that broker heads could roll if the carrier isn't financially rewarded for the state’s tort reform efforts.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Week Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Reinsurance
5 October 2026   Boards must look beyond recovery and use long-term risk scenarios to guide prevention, investment and risk transfer decisions. Swiss Re Corporate Solutions’ Michael Rüsch tells FERMA Forum Today.
Reinsurance
2 October 2026   Syndicated capacity of €100m is now available directly from its German hub.
Reinsurance
1 October 2026   Syndicate 1458 takes top spot after underwriting profit rises to £92.6m.