Artificial reef in Walton County, 2017. Image by Bernard Brzezinski, University of Florida. Florida Sea Grant’s Artificial Reef Legacy is a 3-part series that explores the rich history of artificial reefs in Florida and highlights Florida Sea Grant’s longstanding support through science, monitoring, outreach, and education. In this installment, Dr. Bill Lindberg shares some of … Read more
Florida Peninsula Insurance Company has now successfully priced its latest catastrophe bond transaction, securing the 43% upsized target of $250 million of named storm reinsurance protection from the new Palm Re Ltd. (Series 2025-1) issuance, while pricing of the notes was finalised roughly 10% below the mid-point of the initial guidance range, Artemis has learned.Florida … Read more
Over the last few years, there has been a significant shift in sentiment among mainstream media and politicians, who cite the cost of reinsurance coverage as a key driver of the escalating cost of property insurance in the United States and nowhere has this been more apparent than in Florida.The cost of reinsurance has been … Read more
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.Florida Citizens still has $1.6 billion of catastrophe bonds outstanding to provide protection through the … Read more
Recent improvement in Florida’s insurance market – fostered by legislation targeting legal system abuse – is threatened by several bills proposed in the state’s 2025 legislative session. Florida’s property insurance market has stabilized thanks to reforms introduced in 2022 and 2023 aimed at reducing excessive litigation and inflated claims. As a result of these reforms, … Read more