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10 April 2024Insurance

Florida-focused insurers slash 2023 losses, rest of field already in the black

Florida home-grown and locally-focused homeowner insurers trimmed their net underwriting loss by nearly 2/3 in 2023 to $397 million while the rest of the market pulled itself to an underwriting gain sufficient to offset that still-troubled cohort, a dataset compiled by Gallagher Re indicated.

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