Key Florida Players to Highlight Importance of Catastrophe Reinsurance
Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this important topic is necessary.
Consumers, members of the media, policy makers and other interested parties need to be reminded that the dollar amount of catastrophe reinsurance protection purchased by individual insurers to protect the interest of consumers and businesses alike is in place annually whether or not the wind blows. In fact, it is likely that the dollar amount of catastrophe reinsurance purchased in recent years, vertical or horizontal, has never been higher.