FedNat buys more reinsurance cover for Hurricane Laura losses


US insurer FedNat Holding Company has secured an additional $39.2 million of reinsurance limit at an approximate cost of $11.2 million, to pay claims resulting from Hurricane Laura, which is likely to exceed its single-event reinsurance retention of $25 million.

FedNat, Hurricanes, Catastrophe, Insurance, Reinsurance, North America

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