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Florida P&C rate filings show reinsurance firming needs to continue

January 21, 2022

The latest property insurance rate increase filings submitted by carriers in Florida are calling for really significant uplifts in pricing, suggesting the primary market still believes more rate is required to support sustainable profits, which implies reinsurance firming also needs to continue in the state.

Florida’s property insurers have been particularly challenged in recent years, not least by the assignment of benefits (AOB) crisis, litigation, loss amplification and claims inflation.

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