HVRRY - Lower Cost Reinsurance Can Offset AOB-Related Rate Hikes: COIN Re
COIN Reinsurance believes that the inevitable escalating rate hikes that hit insurance buyers due to loss adjustment and assignment of benefit ((AOB)) expenses can be countered by lower cost reinsurance for carriers.
COIN Re, a recently launched Florida focused and headquartered property reinsurance broker that has aligned itself with Beach Group, believes that by leveraging a different way of doing business, aligning the needs of the insurance cedant and broker with the ultimate insurance consumer, the costs of reinsurance can be lowered as a result.
Currently, Florida-based insurance consumers are facing rate increases due to