Category: Florida News

Following is a listing of insurance-related Florida regulatory events for the week of June 14 – 18, 2010: Note:  All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.    FLORIDA INSURANCE REGULATORY EVENTS        Monday, June …

  To view a complete story, click on a headline below:   Editorial:  Florida needs consumer protections, federal catastrophe fund Gov. Charlie Crist made the right move recently in vetoing a property insurance bill that would have made it easier …

  Florida Governor Charlie Crist recently created the Gulf Oil Spill Economic Recovery Task Force (“Task Force”) to facilitate efforts by Florida business and industries in recovering lost business and revenues due to the Deepwater Horizon oil spill.  The first …

  To view a complete story, click on a headline below:   News Release:  Olympus Insurance Resolves All Known Issues with the Florida Office of Insurance Regulation The Florida Office of Insurance Regulation (OIR) has found that Olympus Insurance Company …

National Underwriter Magazine reported today, June 9, 2010, that the National Flood Insurance Program (“NFIP”) will pay claims for damage to homes and contents from oil driven ashore during hurricanes. According to the Federal Emergency Management Agency, which runs the flood …

To view a complete story, click on a headline below:   Bupa Insurance downgraded by ratings agency A major insurance rating agency has downgraded its outlook on Miami-based Bupa Insurance Co., from stable to negative.   North Miami Beach insurance …

The following article was published by The New York Times on June 8, 2010 www.nytimes.com By JO BECKER On Jan. 24, 2009, a rusting freighter flying a Hong Kong flag dropped anchor in the South African port of Durban. The …

To view a complete story, click on a headline below:   A.M. Best Outlook Revised to Positive for Nationwide Insurance Company of Florida A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating …

The following article appeared in Insurance Journal on June 7, 2010: A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B-‘ (Fair) and issuer credit rating of “bb-” of Nationwide Insurance …

  Presentation material distributed at the June 3-4 Florida Hurricane Catastrophe Fund 2010 Participating Insurers Workshop was published today, June 7, 2010.  The following reports and outlines are available (click on the hyperlinks below to access each item): June 3, …