A Florida lawmaker, who has opposed the state’s expanded role as a reinsurer, said regulators will probably not allow insurers to pass through the cost of additional reinsurance coverage beyond the state-subsidized catastrophe limits.

Rep. Don Brown, R-DeFuniak Springs, told NU Online News Service the current situation is “pathetic” in that primary insurance companies are forced to rely on what he termed the questionable capacity of the Florida Hurricane Catastrophe Fund to bail them out in the event of catastrophic losses this hurricane season.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.