Aon Benfield wins Florida accounts from rivals Aon Benfield placed a trio of accounts at the 1 June Florida renewal freshly won from rivals, The Insurance Insider’s David Bull reports. Aon Reports U.S. Storms in May to Cost Insurers $3B; …

  In a close and divided opinion issued today, June 8, 2017, the Florida Supreme Court upheld its 2014 ruling that personal injury non-economic damage caps in medical malpractice cases are unconstitutional.  To read the ruling, click here. To read …

  The U.S. Environmental Protection Agency (“EPA”) has yet to update its statutory policy statement on science quality and integrity, the U.S. Government Accountability Office (“GAO”) reported today, June 8, 2017. An explanatory statement accompanying the Consolidated Appropriations Act of …

  Five witnesses appeared before the full U.S. House of Representatives Committee on Financial Services yesterday, June 7, 2017, to comment on six proposed bills intended to reform the National Flood Insurance Program (“NFIP”).   They were (written testimony provided via …

Scenes from today’s Florida Hurricane Catastrophe Fund Participating Insurers’ Conference:  Colodny Fass’ Wes Strickland and Claude Mueller were on hand in Orlando to hear the event’s keynote address by Florida Insurance Commissioner David Altmaier.  To view the day’s agenda, click …

  The Florida Commission on Hurricane Loss Projection Methodology has published meeting materials for its scheduled meeting on June 15 and 16 to discuss and adopt the 2017 flood loss modeling standards. Pursuant to s. 627.0628 F.S., the Commission must adopt actuarial methods, principles, …

  The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, June 7, 2017, on its estimated borrowing capacity, estimated claims-paying capacity, and projected balance as of December 31, 2017 in compliance with the requirements of Section 215.555(4)(c)2., Florida Statutes.  These estimates relate …

  South Florida Outlet Mall Closed Due to Flooding; Cars Submerged in Lot  Torrential Downpours that soaked most of South Florida have closed one of the largest Outlet Malls in the United States.  Sandra Nortunen reports for the Palm Beach …

  The Florida Commission on Hurricane Loss Projection Methodology has scheduled a meeting for June 15 and 16 to discuss and adopt the 2017 flood standards. The meetings, which begin at 9 a.m. (ET), will be held in Tallahassee.   …

  Florida Tops Nearly 6.9 Million U.S. Homes at Risk of Hurricane Storm Surge Damage Again this year, as in previous years, Florida Ranks First with just under 2.8 Million at-Risk Homes, and Texas Ranks Third with 536,000 at-Risk Homes, …