Florida Office of Insurance Regulation Stress Test Data Reconfirms the Financial Strength of Florida Home Insurers
Florida Property & Casualty Association believes FOIR stress test results should give consumers confidence in their homeowners insurers to withstand the worst case storm seasons TALLAHASSEE, Fla., October 27, 2015 — The Florida Office of Insurance Regulation announced the results of its third year of catastrophe stress tests, which demonstrate that the Florida property insurance market can withstand significant catastrophic losses. All of the 112 insurance companies, including 67 Florida-based insurers, that participated in the Annual Reinsurance Data Call were found to have sufficient reinsurance, capital and surplus to pay policyholder claims in the event of a one in a 100 year storm. […]