Global Insurance Companies

Global reinsurance companies scoff at Insurance companies profit while home and business owners suffer.They question whether the Cat Fund will have sufficient capital to pay off billions in claims from a really catastrophic hurricane without having to attract private investors who will want the same deal that reinsurance companies will offer them.
Take the example of Nationwide Insurance Co. of Florida's recent proposed increase, submitted in July and revised last month. The company wants to raise rates by an average of 71.4 percent statewide, but is calling for even larger increases in South Florida -- as high as 82.1 percent in Broward and 105.8 percent in Palm Beach County -- where there's a high risk of storms.
Parts of Florida such as the Panhandle, are facing significant price increases, too, to bring homeowners prices in line with storm risk.

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Insurance Company - Profit
Florida Insurance Company
Global reinsurance Companies