Florida Governor Charlie Crist declared a State of Emergency today, May 22, due to severe storms and flooding in the State counties of Brevard, Clay, Duval, Flagler, Lake, Nassau, Orange, Putnam, Seminole, St. Johns and...
As you are aware, Demotech Inc. has been in the process of revising or confirming its Financial Stability Ratings for its rated Florida companies based on issues related to the liquidity of the Florida Hurricane Catastrophe...
To view a complete story, click on a headline below: New federal legislation would give South Florida homeowners an insurance break Policy holders would get relief, have more options South Florida homeowners could get...
The National Association of Insurance Commissioners (“NAIC”) Suitability of Annuity Sales Working Group issued discussion drafts on annuity insurance producer training and suitability information exceptions, and...
Tuesday, May 26 OIR Rule Hearing The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rule...
UPDTAED MAY 22, 2009 About TALF The Federal Reserve Board on November 25, 2008 announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit...
As part of its ongoing review and analysis of Florida’s property and casualty insurance market, Demotech, Inc. released the attached Financial Stability Ratings for Florida property insurance companies on Thursday, May...
On Tuesday, May 19, 2009, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) reviewed and approved the AIR Worldwide Corporation Atlantic Tropical Cyclone Model V11.0 (“AIR...
On Wednesday, May 20, 2009, the Board of Employee Leasing Companies (“Board”) met to consider employee leasing company applications, controlling person applications, de minimis exemption and registration...
The National Association of Insurance Commissioners (“NAIC”) Summer 2009 National Meeting is scheduled to be held from June 13-16, 2009, in Minneapolis. Major property and casualty, as well as life...