June 1st, 2009

Chart: Historical Florida Reinsurance Pricing

Posted at 12:42 AM ET

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The June 1, 2009 renewal experienced a shift back to the equivalent of 2007 pricing on a risk-adjusted basis. Lower layer FOTs increased an average of 11 percent this year, compared to an 11 percent decline last year and a 15 percent drop the year before. For middle layers, FOTs gained 14 percent this year, compared to downward changes of 15 percent and 17 percent in the last two years, and higher layers were up 18 percent — a stark change from the -19 percent last year and -23 percent the year before.

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