Heritage says southeast Florida exposure down $7bn

Heritage Insurance cut its exposure in three southeast Florida
counties by $7bn in the 12 months to 30 June 2017, while multi-year
cat bonds it bought will yield "impressive dividends" in
the event of an Irma hit on the state.
The counties concerned are Miami-Dade, Broward and Palm Beach.
Category 5 storm Irma, which is currently powering through the
Caribbean towards the south-eastern Bahamas, isexpected to reach the Miami area on Sunday.
In a statement published yesterday, Heritage chairman...