Category: Insurance Regulatory News

  The Florida Commission on Hurricane Loss Projection Methodology has published meeting materials for its scheduled meeting on June 15 and 16 to discuss and adopt the 2017 flood loss modeling standards. Pursuant to s. 627.0628 F.S., the Commission must adopt actuarial methods, principles, …

  The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, June 7, 2017, on its estimated borrowing capacity, estimated claims-paying capacity, and projected balance as of December 31, 2017 in compliance with the requirements of Section 215.555(4)(c)2., Florida Statutes.  These estimates relate …

  South Florida Outlet Mall Closed Due to Flooding; Cars Submerged in Lot  Torrential Downpours that soaked most of South Florida have closed one of the largest Outlet Malls in the United States.  Sandra Nortunen reports for the Palm Beach …

  The Florida Commission on Hurricane Loss Projection Methodology has scheduled a meeting for June 15 and 16 to discuss and adopt the 2017 flood standards. The meetings, which begin at 9 a.m. (ET), will be held in Tallahassee.   …

  Florida Tops Nearly 6.9 Million U.S. Homes at Risk of Hurricane Storm Surge Damage Again this year, as in previous years, Florida Ranks First with just under 2.8 Million at-Risk Homes, and Texas Ranks Third with 536,000 at-Risk Homes, …

  The May 31, 2017 update to the Federal Financial Institutions Examination Council (“FFIEC”), Cybersecurity Assessment Tool (“Assessment Tool”) will be discussed as part of an information technology security and risk mitigation update made to Florida’s Citizens Property Insurance Corporation’s …

  The Florida Office of Insurance Regulation (“Office”) advised on June 2, 2017 that additional changes have been posted to proposed Rule 69O-170.030, F.A.C. entitled “Loss Reserve Discounts.”  Part of Chapter 69O-170 relating to Property and Casualty Insurance Rating, the proposed Rule …

  Florida Gears Up for “Busier Than Usual” 2017 Hurricane Season The Sunshine State is in particular danger during Hurricane Season due to its unique position between the Gulf of Mexico and the Atlantic Ocean.  SunshineStateNews.com’s Allison Nielsen reports. ·         …

  Bill Nelson Alarmed at Slow Pace of Takata Airbag Replacement in Florida A million and a half Vehicles in Florida have potentially deadly Takata Airbags in them despite a Recall being in effect for two years, U.S. Senator Bill …

  The Consumer Federation of America (“CFA”) continued its focus on the issue of auto insurance access and affordability for lower- and middle-income Americans with a report issued last week focusing on alleged unfair practices of major insurers in charging …