Fewer Florida carriers to drop FHCF cover

The number of Florida insurers looking to lower their use of
reinsurance from the Florida Hurricane Catastrophe Fund (FHCF) has
dropped notably in the run-up to this year's 1 June
renewal.
Only a few carriers have told the FHCF they want to lower their
participation in the state-backed reinsurance scheme this year,
sister publication Trading Risk reported
last week (17 March). None of them are significantly large
reinsurance buyers, according to the state agency's
records.
Old Dominion Insurance