Castle Key (Allstate) Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth (FL)

/ Owner - February 22, 2024

When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies.  Then came reinsurance price increases and $56 million in hurricane losses.    Read the article…………………………….

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