On May 3, 2016, the Federal Reserve Board proposed a rule to support U.S. financial stability by enhancing the resolvability of very large and complex financial firms.  The proposal would require U.S. global systemically important banking institutions (GSIBs) and …

  Scott Will Not Endorse Rubio After Senator Marco Rubio announced his intention to run for re-election, Florida Governor Rick Scott says he will not be endorsing the Senator, WTXL-TV reports. Former GOP Rivals Back Rubio Even As Rick Scott …

  Florida’s Citizens Property Insurance Signs Off on Possible Rate Hikes Pointing to a “Crisis” in costly water-damage claims, the Citizens Property Insurance Board of Governors on Wednesday unanimously approved a proposed 6.8 percent statewide rate increase.  THE NEWS SERVICE …

  At its meeting yesterday, June 21, 2016, the Financial Stability Oversight Council (“FSOC” or “Council”) unanimously approved its 2016 annual report, which was developed collaboratively by the FSOC members, their agencies and staff members.  The FSOC reports annually to …

  At a meeting in Maitland Florida today, June 22, 2016, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) approved recommended rates for 2017, describing them as ” . . . responsive to rising non-weather water losses and assignment …

  Florida’s Citizens Property Insurance Expects More Customers in 2017 After years of losing customers, state-run Citizens Property Insurance expects to gain them in 2017, its top executive said Tuesday.  Charles Elmore reports for the Palm Beach Post.    Integro …

  Pending approval today by its Actuarial and Underwriting Committee, Florida’s Citizens Property Insurance Corporation’s  (“Citizens”) Board of Governors (“Board) will be asked to approve a 2017 rate package that reflects the impact of non-weather related water loss claims in …

The Florida Surplus Lines Service Office (“FSLSO”) will hold its quarterly Member’s Forum on June 23, 2016 at 2 p.m. (EDT).   A complimentary 30-minute Webinar, the event is designed to update participants on important information and current events in …

  A proposed average statewide premium increase of 6.8 percent will be the focus of Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Actuarial and Underwriting Committee meeting tomorrow, June 21, 2016.  The meeting, which is scheduled to begin at 6:30 p.m. …

Note:  Hyperlinks to the attendant documents have been corrected below.   In a press release issued today, June 20, 2016, California Insurance Commissioner Dave Jones announced his decision in a major insurance case pitting a small business against a Berkshire …