Category: Insurance Regulatory News
Nov 13, 2007
The National Association of Insurance Commissioners (“NAIC”) Property and Casualty Insurance (C) Committee issued the announcement below regarding a public hearing on the Use of Catastrophe Modeling by Rating Agencies. The hearing is scheduled for Saturday, December 1, 2007 in …
Nov 13, 2007
St. Petersburg Times, 11/13/2007 Property insurance rates are about to turn John Melkun into a Pasco County refugee, as he considers following in his brother’s footsteps to sink new roots in South Carolina. Melkun is among Floridians who say the …
Nov 13, 2007
Miami Herald, 11/13/2007 View article on Miami Herald SUBPRIME CRISIS Analysts are raising their estimates on asset losses significantly as defaults and foreclosures on subprime loans increase. Posted on Tue, Nov. 13, 2007 AIM reprint print email By JOHN …
Nov 13, 2007
The Florida Office of Insurance Regulation issued the following information regarding the promotion of Audrey Brown to fill the position that will be vacated by David Foy when he assumes his new role as Policy Director for Governor Charlie Crist. …
Nov 13, 2007
Click on a headline to read the complete story:  Audrey Brown Promoted To Chief Of Staff At Florida Office Of Insurance Regulation Florida Insurance Commissioner Kevin McCarty announced that he has promoted Audrey Brown to the position of chief of …
Nov 12, 2007
Click on a headline to read the complete story:  Our view on catastrophic coverage: When the government sells insurance, everybody pays Last January, Floridians decided they’d had enough of rising homeowners’ insurance rates.  Opposing view: Spread the risk …
Nov 12, 2007
Tampa Tribune, 11/12/2007 For Republican presidential front-runner Rudy Giuliani, Florida looms larger and larger as a crucial steppingstone on his path to winning the nomination.But he doesn’t have, and may never get, one key piece of help that could boost …
Nov 12, 2007
USA Today, 11/12/2007 Last January, Floridians decided they’d had enough of rising homeowners’ insurance rates. Tallahassee allowed a state-run company called Citizens Property Insurance to expand its coverage of private homes and businesses against damages from hurricanes and other disasters. …
Nov 12, 2007
USA Today, 11/12/2007 By Bill Nelson It suddenly appears Congress may create a national catastrophe-assistance program to brace millions of homeowners against natural disasters – and disastrous insurance rates. The House, by a 258-155 vote, has passed a plan by …
Nov 12, 2007
November 12, 2007 The nation’s reinsurance industry is criticizing Congressional natural disaster legislation as raising false hopes about addressing the homeowners insurance market in areas prone to hurricanes, at the expense of U.S. taxpayers and disenfranchising the private marketplace. The …