Florida establishes temporary reinsurance plan amid ratings fallout
Florida establishes temporary reinsurance plan amid ratings fallout
Read more: Ratings downgrade of 17 insurers granted stay of execution – for now The reinsurance arrangement will be run through the state’s last resort carrier Citizens, FLOIR updated. The solution would enable insurers to meet an exception offered by federally backed mortgage providers Fannie Mae and Freddie Mac to ensure homeowners’ insurance coverage can be maintained during hurricane…
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