Senator proposes lowering Florida cat fund retention
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Senator proposes lowering Florida cat fund retention

Fiona Robertson
27 January 2022
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Florida State Senator Jeff Brandes said he would bring proposals to lower the industry loss retention at which the state reinsurer pays out back to the state legislature, after withdrawing a proposed amendment to that end in a committee hearing on Thursday.

Brandes put forth the idea in an amendment to an insurance omnibus bill being heard by the Senate Committee on Appropriations.

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Fiona Robertson
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