Florida rates slip to 10% above last low

Florida reinsurance rates are now hovering just 10 percent above
the previous cyclical lows noted in 1999-2000, after falling by 5.1
percent at this year's June renewal, according to JLT Re.
The broker's rate-on-line index registered a faster drop
this year than at the June 2016 renewal, when it fell by 3.1
percent.
Florida reinsurance prices have fallen 40
percent from the peaks recorded in 2012, according to the
index.
JLT Re said renewal rates ranged from flat to 10...