Florida’s State Board of Administration of Florida (“SBA”) advised today, May 25, 2016, on the estimated borrowing capacity, estimated claims-paying capacity, and projected balance of the Florida...
Citizens Property Insurance Board Approves $2.46B Risk Transfer Program for 2016 Hurricane Season Florida’s Citizens Property Insurance Corporation’s Board of Governors has approved a $2.46 Billion Risk...
In Informational Bulletin OIR-16-03M issued today, May 24, 2015, Florida Insurance Commissioner David Altmaier addressed the use of unfiled side agreements in conjunction with workers’ compensation and...
At its meeting this morning, May 24, 2016, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors approved a total 2016 risk transfer program of $2.464 billion for the...
Citizens Slashes Reinsurance Limit Florida Citizens Property Insurance plans to reduce its reinsurance cover in place for the 2016 hurricane season by more than a third from last year, sapping demand in the Sunshine...
The Florida Office of Insurance Regulation (“OIR”) advised today, May 23, 2016, that it has filed a Notice of Appeal in a Second Judicial Circuit Court case involving State Farm Florida Insurance Company...
Florida Hurricane Catastrophe Fund Publishes Participating Insurers Workshop Materials The Florida Hurricane Catastrophe Fund published presentations and materials today from its recent Participating Insurers’...
Federal Reserve Governor Daniel Tarullo addressed the National Association of Insurance Commissioners’ (“NAIC”) 10th annual International Insurance Forum today, May 20, 2016, providing insight into...
Is Broward Ready for a Hurricane Hit? Drill Shows How Rescue Would Work Broward County conducted a full-scale hurricane drill at the Emergency Operations Center in Plantation to prepare for the June 1 opening of...
Florida’s Private Flood Insurance Market More Buoyant Private insurers are slowly entering the Florida flood insurance market. Assurant Inc. will begin offering policies covering up to $800,000 in flood...