May 31, 2011
Following is a listing of insurance-related Florida regulatory events for the week of May 30 – June 3, 2011: All times are Eastern Time (“ET”). Additional information is available via hyperlink where noted in bold type. FLORIDA INSURANCE REGULATORY EVENTS …
May 31, 2011
On May 25, 2011, the Florida Third District Court of Appeal issued an opinion in Universal Property and Casualty Insurance Company v. Colosimo, — So. 3d — 2011 WL 2031332 (Fla. 3d DCA 2011) (Third District Case No. 3D11-180), …
May 31, 2011
The Florida Surplus Lines Service Office (“FSLSO”) held a National Clearinghouse Committee (“Committee”) meeting today, May 31, 2011, to discuss the National Association of Insurance Commissioners’ (“NAIC”) response to an FSLSO query about a potential partnership between the two …
May 31, 2011
Pursuant to Florida law, the State Board of Administration (“SBA”) has announced the Florida Hurricane Catastrophe Fund (“FHCF” or “Fund”) estimated borrowing capacity, estimated claims-paying capacity and projected balance of the Fund as of December 31, 2011. The Fund’s projected post-event borrowing capacity …
May 31, 2011
Above: David J. Stockton, Director of Research and Statistics for Federal Reserve Board The following press release was issued by the Board of Governors of the U.S. Federal Reserve System on May 31, 2011: …
May 31, 2011
The following article was published in the Sunshine News on May 31, 2011: Craig Fugate Rebuilds FEMA, Just in Time for Hurricane Season By Kenric Ward As Florida heads into another hurricane season, the state has a friend in Washington. …
May 31, 2011
The following article was published in the Sunshine News on May 31, 2011: Hurricane Model Shows Interior Risk Is Rising By Kenric Ward Florida beach-siders’ complaints about high and rising insurance costs may be heading inland this year. A hurricane-modeling …
May 31, 2011
The following article was published in PropertyCasualty 360º on May 31, 2011: Poll: Fla. Insurance More Expensive, Harder to Get By Chad Hemenway Nearly three-quarters of Floridians say property insurance is getting more expensive, and more than 60 percent say …
May 31, 2011
The following article was posted to the iStockAnalyst website on May 31, 2011: A.M. Best Downgrades Ratings of National Insurance Company and National Group Insurance Company A.M. Best Co. has downgraded the financial strength rating (FSR) to E (Under Regulatory …
May 31, 2011
The following article was published in the South Florida Business Journal on May 31, 2011: Weiss Gives Low Ratings to 29 Florida Property Insurers By Brian Bandell Jupiter-based Weiss Ratings gave 29 Florida property and casualty insurers low financial strength …