Category: Insurance Regulatory News

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, …

    The 10th Annual Florida Hurricane Catastrophe Fund (“FHCF”) Participating Insurers Workshop began its two-day agenda on June 3, 2010 in Orlando.  Former State of Florida Chief Financial Officer and Treasurer/Insurance Commissioner Tom Gallagher, now Chairman of the Tom …

Following is a listing of insurance-related Florida regulatory events for the week of June 7 – 11, 2010: Note:  All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.    FLORIDA INSURANCE REGULATORY EVENTS       Tuesday, …

    June 4, 2010, 9:20 am The credit rating agencies have been under continuing assault for the triple-A ratings they gave to billions of dollars of mortgage-backed securities that turned out to be virtually worthless when the housing market …

To view a complete story, click on a headline below:   Destin-area woman files class-action suit against BP, Halliburton and others over oil spill A Destin-area woman filed suit in USDC Middle District Court on Monday against BP, Haliburton and …

  Lawton “Bud” Chiles, son of former Florida Governor Lawton Chiles, announced his candidacy for Florida Governor as a “No Party Affiliation” at a press conference this morning, June 3, 2010. Tampa Tribune coverage of the story is reprinted below. …