Challenges in Florida domestic property market pile up as hurricane season looms
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Challenges in Florida domestic property market pile up as hurricane season looms

Eileen AJ Connelly
26 May 2021
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Vacation Beach Houses in St. Augustine, Florida
A row of vacation cottages in the sand dunes in St. Augustine, Florida.

AM Best said predictions for an active 2021 hurricane season only compound the list of pressures carriers must manage in the Sunshine State, as Florida insurers’ move to increase their rates may be “too late and a dollar short”.

Profitability has suffered despite no hurricanes making landfall in Florida in the past two years, the ratings agency said.

AM

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Topics

NewsRe/insurersFlorida
EC
Eileen AJ Connelly
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