Senator proposes lowering Florida Hurricane Catastrophe Fund retention

January 27, 2022

Florida State Senator Jeff Brandes said he would bring proposals to lower the industry loss retention at which the state reinsurer pays out back to the state legislature, after withdrawing a proposed amendment to that end in a committee hearing on Thursday.

Brandes put forth the idea in an amendment to an insurance omnibus bill being heard by the Senate Committee on Appropriations.

After

Enter your e-mail to claim a free trial: