The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report...
As Storm Season Approaches, Insurance Keeps Soaking Homeowners After 10 straight storm-free years, hurricane season is almost here. Even without storms, South Florida homeowners have taken a battering — as anyone...
The comment period is open until May 31, 2016 for proposed amendments to Rule 69O-137.001, entitled “Annual and Quarterly Reporting Requirements,” and Rule 69O-138.001 “NAIC Financial...
The Alabama Department of Insurance recently published the information below on new laws enacted in the State of Alabama during its 2016 Regular Legislative Session, which adjourned Sine Die on May 4: Department...
Paper addresses market issues, innovations and regulatory concerns The National Association of Insurance Commissioners (“NAIC”) published a new study today, May 25, 2016, entitled The State of Long-Term...
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...