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SVTPerformance's Chain of Restaurants
Road Side Pub
Total bridge collapse in Baltimore...
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<blockquote data-quote="Klaus" data-source="post: 17030439" data-attributes="member: 190070"><p>To connect the dots:</p><p></p><p>Reinsurance is the insurance of insurance companies. Insurance companies pay a rate to reinsurance to cover losses beyond a certain amount.</p><p></p><p>Reinsurance rates and by extention insurance rates are a function of losses and capital availability. </p><p></p><p>Low losses and high capital availability = low rates.</p><p></p><p>High losses and low capital availability = high rates.</p><p></p><p>FL markets have gotten hammered year after year. Reinsurers have left the market. Which means less capital availability for insurers and higher rates.</p><p></p><p>What this article details is the losses that reinsurers will face in marine markets. These losses mean they will be able to write less Reinsurance in FL because they will have less capital availability. </p><p></p><p>Because FL insurers will not be able to reinsure as much wind risk they will have to jack up rates.</p><p></p><p>Ergo, a boat in Baltimore will result in an increase in FL wind insurance.</p></blockquote><p></p>
[QUOTE="Klaus, post: 17030439, member: 190070"] To connect the dots: Reinsurance is the insurance of insurance companies. Insurance companies pay a rate to reinsurance to cover losses beyond a certain amount. Reinsurance rates and by extention insurance rates are a function of losses and capital availability. Low losses and high capital availability = low rates. High losses and low capital availability = high rates. FL markets have gotten hammered year after year. Reinsurers have left the market. Which means less capital availability for insurers and higher rates. What this article details is the losses that reinsurers will face in marine markets. These losses mean they will be able to write less Reinsurance in FL because they will have less capital availability. Because FL insurers will not be able to reinsure as much wind risk they will have to jack up rates. Ergo, a boat in Baltimore will result in an increase in FL wind insurance. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Total bridge collapse in Baltimore...
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