Category: Insurance Regulatory News

The budget (HB 5001) is the largest in Florida history but it also contains one of the smallest packages of tax cuts in years (HB 7087), valued at about $171 million.  Mary Ellen Klas, Emily L. Mahoney and Elizabeth Koh report for the Tampa …

Scott’s decision was surprising since last year he vetoed more than $37 million in payments that legislators had approved for homeowners in Broward and Lee counties, WPLG.com reports https://www.local10.com/news/florida/thousands-of-florida-homeowners-will-be-paid-for-lost-trees

In a brief exit interview last week with Jim Rosica of FloridaPolitics.com, outgoing Senate President Joe Negron said lawmakers over the last two Sessions “made tremendous progress” on goals he set out in his 2015 designation speech, “a blueprint of things I tried …

A report being released on Monday shows Florida isn’t alone in easing up on building regulations even as the effects of global warming escalate.  Bloomberg’s Christopher Flavelle reports via Insurance Journal. Storm-prone states ease up on building codes despite growing risks …

The North Carolina Department of Insurance has expanded its criminal investigations division with the addition of 15 new special agents, according to a statement from North Carolina Insurance Commissioner Mike Causey.  Insurance Journal reports. https://www.insurancejournal.com/news/southeast/2018/03/19/483725.htm

The U.S. market for privately written flood insurance grew by 51.2 percent last year, with state-level markets growing both more competitive and less profitable, according to 2017 statutory insurance filings compiled by S&P Global Market Intelligence.  Ray Lehmann reports via Insurance …

New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11.  Insurance Journal interviews him, with video. https://www.insurancejournal.com/news/east/2018/03/19/483529.htm

That design check is often a technicality but is required by the state, the Miami Herald’s Mary Ellen Klas reports. http://www.miamiherald.com/news/local/community/miami-dade/article205426634.html

Milliman Inc., a global consulting and actuarial firm, has added a property and casualty team to its Tampa, Fla., office in response to the growing demand for the firm’s property insurance analytics. It has tapped consulting actuary John Rollins to …

Demotech explains that it will update its SPEQUELLAE service on an annual basis as carrier managements re-evaluate earlier loss and loss adjustment expense estimates.  http://colodnyhosting.wpengine.com/blog/quality-of-insurer-earnings-is-now-quantifiable-through-demotechs-new-spequellae/