Glut of capacity makes for disappointing Florida cat renewals


A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re.

JLT Re, June 1 Renewals, Insurance, Property catastrophe, Risk management, Florida, North America

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