The financial-rating agency AM Best said Friday that changes passed during a special legislative session last month “are unlikely to alleviate immediate financial pressures” on Florida property insurers. A three-page commentary pointed, in part, to insurers facing difficulties purchasing reinsurance, which is crucial backup coverage for such things as hurricane claims.
The financial-rating agency AM Best said Friday that changes passed during a special legislative session last month “are unlikely to alleviate immediate financial pressures” on Florida property insurers. A three-page commentary pointed, in part, to insurers facing difficulties purchasing reinsurance, which is crucial backup coverage for such things as hurricane claims.