NU Online News Service, June 2, 2:47 p.m. EST
Forecasters say Florida is the most likely state to get a hurricane landfall, and storm activity is supposed to be above normal, putting all property insurers in this extremely volatile market on notice.
"It is hard to say," answers Insurance Commissioner Kevin McCarty when asked how many of the state's insurers will be in financial trouble if the forecasts are right. "It depends on whether it's one event—how severe it is. Or will it be a series of events? What is the company's reinsurance [and] reinstatements?"
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:
- 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? Sign In
© 2024 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.
