Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Florida stat filings show wide range of 2017 performance
- 10 April 2018
The 56 Florida homeowners' companies that had their ratings affirmed by Demotech late last month fell to a $407mn underwriting loss in the aggregate for 2017, analysis of statutory filings by The Insurance Insider has shown.
The underwriting loss as a percentage of year-end 2016 surplus was roughly 10.4 percent, reflecting the hit from Hurricane Irma and high attritional loss ratios exacerbated by the challenging judicial environment in the state.
The positive effect from investment returns helped partially offset the...
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