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Anjan Sarkar
Multiple consecutive years of catastrophic weather events in Florida have resulted in significantly higher reinsurance rates for homeowners insurance carriers across the state of Florida. Effective August 19th for new business and August 29th for renewals, Olympus will be implementing a Limited Reinsurance Filing for the purpose of reflecting the change in net reinsurance costs between our 2019-2020 reinsurance program and those underlying our current rates.
Product otal Average Rate Indication
HO 8.9%
DP 8.8%