Florida Citizens only buys $3.564bn of reinsurance for 2024, despite 7.9% drop in price
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has completed its reinsurance renewals for 2024, but only purchased $3.564 billion of coverage across its traditional reinsurance and catastrophe bond arrangements, despite experiencing a softer market environment and lower pricing than a year ago. Florida Citizens had been expected to buy its largest […]