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American Coastal Renews Catastrophe Reinsurance with Risk Adjusted Price Decrease
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Overview
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American Coastal successfully renewed its all other perils catastrophe excess of loss agreement, providing up to $100 million in limit excess of $10 million per occurrence. The company reports a risk adjusted decrease of 9.24% year-on-year in the cost of the agreement. Reforms in Florida have been linked to reinsurers' greater confidence in the region.
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How are reforms in Florida impacting the confidence of reinsurers?
How might the renewal of core catastrophe cover for named storms affect American Coastal's business?
What factors contributed to the lower costs for American Coastal's catastrophe reinsurance?
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