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Sherry Fairchok
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- Skyrocketing property insurance rates will boost the popularity of parametric insurance23 Dec 2022—insiderintelligence.comThe trend: Property insurance rates could rise by as much as 20% to 50%, according to Beazley, reinsurer for Lloyd’s of London. In Florida, where the fragile insurance market has been teetering on the edge of collapse, Governor Ron DeSantis recently signed two bills into law that seek to reform the insurance business within the state and stabilize its property market. What’s the problem? Property catastrophe reinsurers, which provide cover to insurers, are coming off five years of earnings...