
finance / 1d ago
Citizens Property Insurance Corporation said the reinsurance coverage it bought this year cost nearly 30 per cent less than last year.
Florida’s state insurer of last resort, Citizens Property Insurance Corporation, said its new reinsurance coverage this year cost nearly 30 per cent less than the coverage it bought last year. The lower cost is a notable shift for the insurer, which relies on reinsurance to help cover hurricane and other catastrophe losses. Citizens did not provide further details in the excerpt.























