Reinsurance industry may win subsidies in Florida

homeowners insurance rates grow

Lawmakers consider new subsidies for the reinsurance industry This year, the Florida Legislature will be considering several proposals that could have a major impact on windstorm insurance throughout the state. Lawmakers continue to grapple with a problematic insurance market, where many insurance companies are either looking to raise rates exponentially or abandon certain sectors entirely. Given the ongoing problems with the state’s Citizens Property Insurance organization, lawmakers are eager to address any issues that insurance companies may have, and may be turning to the reinsurance industry to do just that.…

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