AM Best Briefing on Florida’s Property Insurance Market to Address Legislative Reforms, Hurricane Season, Reinsurance and New Company Formations

MAY 16, 2024 09:46 AM (EDT)

AM Best Briefing on Florida's Property Insurance Market to Address Legislative Reforms, Hurricane Season, Reinsurance and New Company Formations

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FOR IMMEDIATE RELEASE

OLDWICK - MAY 16, 2024 09:46 AM (EDT)
AM Best will host a complimentary market briefing on the current state of Florida's property/casualty market, ahead of the start of hurricane season, on Thursday, May 30, 2024, at 2 p.m. EDT.

During the event, "AM Best's Briefing: The State of the Florida Property Market Ahead of the 2024 Hurricane Season," a panel of AM Best analytical staff and other industry leaders will discuss the current dynamics in the state's property market ahead of what is predicted to be an active hurricane season.

Topics to be discussed include:

· The ongoing impact of the legislative reforms on pricing, capacity and availability of coverage;

· A progress report on state efforts to aggressively depopulate Citizens Property Insurance Corporation;

· An update on the June 1, 2024 reinsurance renewals;

· A deeper look at the new company structures being formed in Florida to assume risk, including delegated underwriting authority enterprises, managing general agents and reciprocals.

AM Best Senior Director Sridhar Manyem will moderate the panel and be joined by the following:

· Randy Fuller, managing director, Florida practice lead, Guy Carpenter;

· Dave Newell, vice president of membership and industry relations, Florida Association of Independent Agents;

· Josie Novak, financial analyst, AM Best; and

· Dawn Walker, associate director, AM Best.

To register for the complimentary one-hour briefing, please visit https://web.ambest.com/about/events/webinars/florida-briefing-2024/ .

Attendees can submit questions during registration or by emailing [email protected]. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.