Category: Florida News
Apr 5, 2018
Oliva was one of 22 officials from 18 states who will serve on the RSLC’s executive committee for its Future Majority Project initiative, SunshineStateNews.com reports. http://sunshinestatenews.com/story/incoming-speaker-jose-oliva-takes-national-leadership-role-gop
Apr 5, 2018
Florida’s new $88.7 billion state budget contains 87 “turkeys” worth $147.5 million, FloridaPolitics.com’s Michael Moline reports. http://floridapolitics.com/archives/260457-taxwatch-turkeys-2018-budget
Apr 5, 2018
In another step shifting risk to private markets, the Federal Emergency Management Agency said it intends to secure additional reinsurance for the National Flood Insurance Program through issuance of a catastrophe bond. Insurance Journal’s Andrew G. Simpson reports. https://www.insurancejournal.com/news/national/2018/04/05/485448.htm
Apr 5, 2018
Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations, Insurance Journal reports. Alaska Law on Credit-Based Scoring Backed by Insurers Group https://www.insurancejournal.com/news/west/2018/04/04/485395.htm
Apr 5, 2018
California Insurance Commissioner Dave Jones announced today that California’s annual insurance premium volume has increased to $332 billion. California is now the third largest insurance market in the world and remains the largest insurance market in the United States. http://www.insurance.ca.gov/0400-news/0100-press-releases/2018/release034-18.cfm
Apr 5, 2018
Oklahoma Insurance Commissioner John D. Doak has been named to the Coalition Against Insurance Fraud‘s executive committee. He was elected unanimously by the Coalition’s executive committee. https://www.insurancejournal.com/news/southcentral/2018/04/05/485474.htm
Apr 5, 2018
As discussed during the NAIC’s Property and Casualty Insurance Committee’s March 26 meeting in Milwaukee, the Committee is forming a drafting group to develop a white paper to fulfill its charge to: “Consider the development of a white paper reviewing …
Apr 4, 2018
Demotech will not downgrade any of the 16 Florida insurers that it said earlier this year could face financial stability ratings adjustments because of hurricane losses and assignment of benefits litigation during 2017. Insurance Journal’s Amy O’Connor reports. https://www.insurancejournal.com/news/southeast/2018/04/04/485234.htm
Apr 4, 2018
The 2018 Florida Hurricane Catastrophe Fund Proposed Ratemaking Formula Report and the 2018 Proposed Rates and 2018 Proposed Rating Regions in Excel format have been posted. https://www.sbafla.com/fhcf/Home/Announcements/2018ProposedRates.aspx
Apr 4, 2018
A state mandate to prohibit advance payments from the Federal Emergency Management Agency has left dozens of cities, counties and school districts waiting months to receive nearly $4 billion in federal funds to pay recovery costs from last fall’s Hurricane …