Capitol to Courthouse Florida Insurance Report – Wednesday, June 01, 2016
Jun 1, 2016
As Hurricane Season Nears, Florida Looks Strong
A decade without a devastating hurricane has left Florida in the strongest position ever to face the annual storm season that begins today. Lloyd Dunkelberger reports for the Sarasota Herald-Tribune.
- Florida Insurers’ Ability to Respond to Next Catastrophe Uncertain
- Hurricane Series: Florida’s Insurance Market
- Hurricane Evacuation on Florida’s Highways Under Construction
- “Hurricane Amnesia” Biggest Threat for Residents
- Experts Worry We Have “Hurricane Amnesia.” What Nonsense
- A Mixed Insurance Picture as Hurricane Season Arrives
- A Big Hurricane Will Hit Us Sometime
- A Long Run of Good Luck
Florida Reinsurance Pricing Down 3.1 Percent
The pace of reinsurance rate cuts slowed further at the 1 June Renewals, providing further evidence that property catastrophe reinsurance pricing is stabilising, according to JLT Re, the Insurance Insider reports.
Ratings Raised on Everglades 2014-1 Cat Bond
Standard & Poor’s raised its credit rating on the Everglades Re series 2014-1 notes from B to B+ following the final annual reset of the $1.5bn cat bond, Trading Risk Reports.
Risk Strategies Establishes Florida Footprint with Acquisition of Atlass Insurance
Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Florida-Based Atlass Insurance Group, significantly adding to the resources of its Private Client practice, Insurance Journal reports.
Governor Scott Balks at Prioritizing Reservoir South of Lake Okeechobee
As Florida waterways turn green with toxic algae, Governor Rick Scott on Tuesday promised more money but not necessarily new solutions for Lake Okeechobee water problems. The Sun-Sentinel’s Andy Reid reports.
Fitch: Sizable Property Insurance Price Increases Only Expected
A large catastrophic hurricane in 2016 would likely promote a shift towards positive pricing movement following years of property insurance pricing declines in the U.S. property/casualty market, according to Fitch. National Underwriter’s PropertyCasualty360.com reports.
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