Floridian carriers purchased 11% more reinsurance in 2022 at 27% higher risk-adjusted cost: OIR
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Floridian carriers purchased 11% more reinsurance in 2022 at 27% higher risk-adjusted cost: OIR

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Floridian carriers purchased 11% more reinsurance coverage in 2023 compared to the previous year, while the risk-adjusted cost of that reinsurance increased 27% for the period, according to the Florida Office of Insurance Regulation (OIR).

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