New capital formation in Florida: Newcos vs incumbents
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New capital formation in Florida: Newcos vs incumbents

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Investors are more likely to back new carrier formation in Florida as opposed to pumping capital into existing companies while domestic carriers continue to struggle in the state, according to industry sources.

Some sources argue that now is the time for new management teams to tap into the market with fresh platforms, given the increase of displaced policies going to state-backed carrier Citizens, underlying rate increases and newly passed legislative reforms.

As...

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