Up to 60% reinsurance cost surge to spur insurance rates
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Written by Miami Today on December 5, 2017
After a lull, during which rates decreased, the cost of reinsurance – a product that insurers buy to limit the total loss they would experience in case of disaster – is dramatically on the rise, observers say.
Because of devastation Hurricane Maria and other disasters caused, “The industry has been turned upside down,” said Doug Jones, managing partner of JAG Insurance Group…To read the full story click here
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