Florida firm order terms (FOTs) were up 10 percent to 14 percent year-over-year for lower layers and 14 percent to 18 percent for higher layers. The quoting process was much tighter than in earlier renewals this year — with an average range of -3 percent to 3 percent around the average quote. Though there were some outliers, cedents and markets generally understood the factors affecting capital availability and risk-transfer pricing, narrowing the disparities seen in January and April.
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