Jul 10, 2018
July 2018 Here’s your update on Florida insurance-related legal developments from the Colodny Fass Insurance Litigation Practice. Florida Insurance Matters is a monthly update on Florida insurance-related legal developments by the Colodny Fass Insurance Litigation Practice, recently recognized as the …
Jul 6, 2018
Florida Property & Casualty Association, an association of Florida-based home insurers, is disputing claims made by Weiss Ratings, including that, “Many Florida homeowners are still waiting for their insurance claims to come through after a severe hurricane season last year.” …
Jul 6, 2018
Cost savings in two Florida funds paid into by workers’ compensation carriers are expected to equal a nearly $20 million reduction in expenses for insurers operating in the state next year, according to a statement from the Florida Department of …
Jun 29, 2018
By Jeff Rainey and Claude Mueller The NAIC National Treatment and Coordination (E) Working Group is exposing for comments updated Proforma Financial Statement Templates, formally known as Form 13. These forms are required in many state application scenarios such as UCAA Primary and …
Jun 28, 2018
We appreciate the Herald’s efforts to educate its readers on the financial health of the state’s home insurers (“Now is the time to evaluate your hurricane insurance. It isn’t as simple as you think,” June 18). However, the story is …
Jun 28, 2018
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from Mother Nature and broadly maintain financial strength. Favorable …
Jun 25, 2018
The American Insurance Association and the Property Casualty Insurers Association of America are in talks to merge their organizations into one trade association. The boards of the Washington-based AIA and Chicago-based PCI “believe there is great benefit in a more …
Jun 25, 2018
Moody’s Investors Service announced it is upgrading the state of Florida to its highest credit rating, citing “sustained” improvement in the state’s economy and a “proven track record of rebounding from severe weather events.” The ratings agency said Thursday that …
Jun 22, 2018
By Claude Mueller, CPCU, ARe Financial reporting for reinsurance on Schedule F will look quite different beginning with the 2018 Annual Statement. The National Association of Insurance Commissioners (NAIC) Blanks Working Group adopted changes on April 8, 2017 that consolidate …
Jun 21, 2018
Citizens Property Insurance will delay any decision on 2019 rate increases until December, with officials saying they want to assess the impact of a new program designed to curb the cost of non-weather water claims. The Citizens Board of Governors, …