Early 2022 Florida legislation was ‘slightly positive’ but more help is needed: AM Best

08 December 2022

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AM Best has said that passed legislation from May’s special session “did not go far enough” to address the challenges facing Florida’s property market, adding that next week’s session must combine substantive long-term legislative reforms with immediate fixes to address the crisis.

Next week’s session, set to take place on December 12-16, must consider how to make Florida attractive to national insurers and reinsurers – incentivizing companies to expand their appetite for Florida risks, the ratings agency wrote in its latest...

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Early 2022 Florida legislation was ‘slightly positive’ but more help is needed: AM Best

AM Best has said that passed legislation from May’s special session “did not go far enough” to address the challenges facing Florida’s property market, adding that next week’s session must combine substantive long-term legislative reforms with immediate fixes to address the crisis.

Fuel a smarter strategy with our actionable market intelligence

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Early 2022 Florida legislation was ‘slightly positive’ but more help is needed: AM Best

AM Best has said that passed legislation from May’s special session “did not go far enough” to address the challenges facing Florida’s property market, adding that next week’s session must combine substantive long-term legislative reforms with immediate fixes to address the crisis.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM