reinsurance costs News

‘Cautiously Optimistic’ on Florida: Defense Costs Down, but Reinsurance Still a Drag

Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers approved monumental litigation reforms. That was the sentiment gleaned from a Thursday …

Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs

Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. …