Tag: Florida insurance legislation

The Big Gamble Behind Florida’s Reinsurance Strategy

Tate Ellison
Florida’s Reinsurance Strategy

Florida’s Hurricane Reinsurance Cuts Ripple Through Private Markets—and the Politics Behind It Florida’s decision to slash its hurricane reinsurance funding stems from , which took effect on July 1st. This legislative move has left insurers scrambling and is expected to have far-reaching impacts on private reinsurance markets—not just within Florida, but beyond its borders. Lawmakers’ controversial decision, prompted by the provisions of House Bill 5013, sets the stage for significant changes in how risk is managed and distributed across the industry. Let’s unpack it. How Private Reinsurance Markets Are Feeling…

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Why Your Florida Insurance Premiums Might Skyrocket This Year

Marc
Florida Insurance Rate Increases

A Big Ask from TRUE Florida homeowners are staring down the barrel of a potential 31% increase in their property insurance premiums. Trusted Resource Underwriters Exchange (TRUE), a Florida-based insurer, has requested the hike for its multiperil homeowners’ insurance policies. If approved, tens of thousands of policyholders could see their annual premiums jump by an average of $1,357. Why such a steep increase? Hurricanes, inflation, and reinsurance costs are the usual suspects. But TRUE’s management says they’re also playing catch-up after previous leadership failed to adjust rates to match market…

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