Reinsurance for that 1-in-100 year storm. That's a criterion that the Florida Office of Insurance Regulation
has used for years in assessing property insurers' reinsurance programs. It's also a standard that some rating agencies use. But Florida Insurance Commissioner Kevin McCarty has decided to take a fresh look. He wants to look not just vertically at the exposure of the 1-in-100-year storm but also horizontally at the frequency of more moderate storms. Why the change now? McCarty, agents and two CEOs give their views.