Florida's recent property-casualty insurance legislation will have a mixed impact on primary insurers and likely "crowd out' reinsurers, according to a rating firm's analysis.
Moody's Investors Service also said in its report that it expects the majority of its ratings for p-c insurers and reinsurers will remain stable as a result of the new measures.
The reforms will nearly double reinsurance capacity offered by the Florida Hurricane Catastrophe Fund (FHCF) at rates-on-line significantly below private market levels, Moody's said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
