Category: Florida News
May 31, 2011
Following State Board of Administration (“SBA”) approval at the May 17, 2011 Cabinet meeting, the Florida Hurricane Catastrophe Fund (“FHCF”) filed Emergency Rule 19ER11-1, F.A.C. on May 27, 2011, entitled “Extraordinary Circumstances for Alternative Method of Finalizing 2005 Losses” (“Emergency …
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
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
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 …
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 Jupiter-based Weiss Ratings gave 29 Florida property and casualty insurers low financial strength ratings based on …