Florida Insurance Crisis Bleeds Into Reinsurance, Experts Say
By Shawn Rice (May 17, 2022, 3:51 PM EDT) -- As Florida lawmakers convene for a special session this month, the state's hurricane catastrophe fund and reinsurance market are two areas that insurance experts say need attention in an environment that has seen three insurers go insolvent this year and prompted others to stop underwriting in the Sunshine State altogether.
Mounting hurricane claims and slow rebuilding efforts for damaged homes from previous hurricanes have policyholders and regulators worried about insurers going under or not writing policies, according to insurance experts. Hurricane Ida, which made landfall in August 2021, hitting Louisiana and the Gulf Coast, was the latest to pile on concerns...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!