Florida Citizens says hurricane Irma loss won’t hit reinsurance It is the coastal account which has the private market reinsurance and the Everglades catastrophe bonds acting as risk transfer, with the first per-occurrence reinsurance wrap attaching above $504 million of …

Taddeo Wins As Democrats Pick Up Florida Senate Seat Florida’s Democratic Party picked up a Crucial Seat in the Florida Senate Tuesday in a Special Election triggered months ago by a Miami Republican’s Alcohol-Fueled Tirade at a bar near the …

Florida Regulator:  Irma-Related Insurance Claims Approach $3.6B Insurance Claims stemming from Hurricane Irma Damage in Florida totaled $3.58 Billion as of late Saturday, according to Data from the State.  The Orlando Sentinel reports via Insurance Journal. Hurricane Maria Waves Batter …

Floridians File Nearly 17,000 Flood Insurance Claims FEMA Data shows that Miami-Dade Residents have Filed 1,870 Claims, 829 have been Filed in Broward County and 199 have come from Palm Beach County.  U.S. News and World Report says. Insider Q&A: …

At its meeting scheduled for Wednesday, September 27, 2017, Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) will consider whether to call several bonds before their maturity date–a move estimated to save the State-run insurer over $9 million …

After Irma:  Consumers Face New Reality With Higher Storm Deductibles Statewide, more than 496,000 Irma Claims had been Filed as of Thursday. Less than 10 percent had been closed.  Charles Elmore reports for the Palm Beach Post. Most of Hurricane …

The U.S. Treasury issued the following news release today, September 22, 2017: “The United States and European Union are pleased to announce the upcoming signature of the EU – U.S. agreement on prudential insurance and reinsurance measures (“the Agreement” hereafter) …

The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has scheduled a series of meetings for September 27 and 28, 2017 to discuss the 2017 hurricane standards and the acceptability process.   Various administrative aspects of the flood standards adopted this …

Irma Insurance Claims Already Near $2 Billion The Heaviest Claims Activity was in the half-dozen Counties that form the Southern Tip of Florida: Monroe, Miami-Dade, Broward, Palm Beach, Collier and Lee.  THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via …

Property Insurance Bill Proposed in Florida Senate Moves to Committee State Senator Dorothy L. Hukill (R-Port Orange) thinks the Potential Turmoil Property Owners could face in the aftermath of Hurricane Irma demonstrates the urgent need for the Assignment of Benefits …