Industry Lines Up to Defend North Carolina’s 42% Rate Increase
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Both capital capacity and modeling limitations mean that the private insurance and reinsurance industry will sit on the sidelines of global pandemics.
As Florida insurance carriers go under they are dragging down its guaranty fund.
Over 80% of insurers surveyed said their risk models will need to be upgraded or replaced.
Buffett and Berkshire on Florida exposure, GEICO frustrations and how they were “forced” out of banking and fell into insurance.