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Nueces County reduces catastrophe insurance limit to trim premium increases
Nueces County Commissioners Court · May 25, 2022
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Facing a tighter reinsurance market, the court voted to cut the county's wind/windstorm catastrophe limit from $175 million to $100 million to reduce the expected premium spike and asked staff to run flood quotes for smaller coastal assets.
Nueces County commissioners voted on May 25 to lower the county's catastrophe (wind/windstorm) insurance limit from $175 million to $100 million to blunt a projected sharp premium increase in this year's renewal.
Broker Carlisle told the court that a hardening reinsurance market has driven…
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