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Front Page » Breaking News » Up to 60% reinsurance cost surge to spur insurance rates

Up to 60% reinsurance cost surge to spur insurance rates

Written by 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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