Category: Insurance Regulatory News

Florida And Pennsylvania Lead Nation In Number of Claims

Apr 5, 2018

Dog Bite Claims Nationwide Increased 2.2 Percent, the Insurance Information Institute reports. https://www.prnewswire.com/news-releases/dog-bite-claims-nationwide-increased-22-percent-california-florida-and-pennsylvania-lead-nation-in-number-of-claims-300625090.html

Will Florida disaster contracting issue raise a storm of controversy?

Apr 5, 2018

How does Florida go from the gold standard in disaster response to creating a man-made disaster when it comes to dealing with the aftermath of major storms?  FloridaPolitics.com Publisher Peter Schorsch reports. http://floridapolitics.com/archives/260597-will-disaster-contracting-issue-raise-a-storm-of-controversy

FEMA to Issue First Catastrophe Bond for Flood Insurance Program

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