A new report from Swiss Re postulates what the insured losses would be if a storm like 1992s Hurricane Andrew were to barrel through South Florida in 2017.
Citizens Property, Florida's state insurer of last resort, requested a 10% homeowners premium increase for South Florida, blaming excessive water damage claims.
An insurance companys ability to use its wealth of data will be a key to navigating industry challenges successfully and generating value in the future.
Florida Citizens Property Insurance Co.'s Board of Governors approved a 2016 rate package that will lower rates for nearly half of its personal lines policyholders.