News
With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers
Oct 26, 2022, 12:20 PM
by
Jerry Theodorou
Published October 25, 2022 • Insurance Journal
It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60 billion neighborhood. These damages exceed those caused by any other U.S. natural catastrophe, with the exception of Hurricane Katrina.