May 20, 2016
Federal Reserve Governor Daniel Tarullo addressed the National Association of Insurance Commissioners’ (“NAIC”) 10th annual International Insurance Forum today, May 20, 2016, providing insight into the Federal Reserve’s approach to developing its capital requirements for insurance groups under its …
May 20, 2016
Is Broward Ready for a Hurricane Hit? Drill Shows How Rescue Would Work Broward County conducted a full-scale hurricane drill at the Emergency Operations Center in Plantation to prepare for the June 1 opening of hurricane season, the Sun-Sentinel’s …
May 19, 2016
Florida’s Private Flood Insurance Market More Buoyant Private insurers are slowly entering the Florida flood insurance market. Assurant Inc. will begin offering policies covering up to $800,000 in flood damage for Florida homes in at-risk areas, the Sun-Sentinel reports …
May 18, 2016
No-Fault Insurance: Florida Studies Killing it in $125,000 Report State officials are cranking up a $125,000 study due September 2 on the possibility of junking Florida’s no-fault car insurance system after four decades, the Palm Beach Post’s Charles Elmore …
May 17, 2016
Regulations for the Florida Hurricane Catastrophe Fund 2016-2017 Reimbursement Premium Formula take effect tomorrow, May 18, 2016. In accordance with Section 215.555(5), Florida Statutes, the amended Rule 19-8.028, F.A.C., entitled “Reimbursement Premium Formula,” makes editorial and grammatical revisions from …
May 17, 2016
Recently adopted by the Florida Office of Insurance Regulation, the following Rules relating to insurance holding companies become effective on May 31, 2016: 69O-143.046 Registration of Insurers 69O-143.047 Standards 69O-143.056 Acquisition of Controlling Stock The new Rules implement recent …
May 17, 2016
Colodny Fass Fraud-Fighting Lawyer Maria Elena Abate to Join Olympus, Admiralty Insurance on Insurance Claims Panel Insurance policies aren’t what most people think of when it comes to identity theft or fraud, but Colodny Fass attorney Maria Elena Abate …
May 17, 2016
Assurant to Offer Private Flood Insurance in Florida The new Assurant Primary Flood Insurance offers structural coverage up to $800,000 and up to $250,000 in contents coverage, Insurance Journal reports. Florida Surplus Lines Service Office Asking Agencies To …
May 16, 2016
State Farm Secrecy Ruling Baffles Advocates, Company Stops Talking Consumer advocates are scratching their heads over a Florida judge’s ruling that would let State Farm — and potentially every other property insurer in the state — hide information that …
May 13, 2016
Florida’s Hurricane Fund in Best Shape Ever Ahead of Season Florida’s continued lucky streak when it comes to dodging hurricanes is helping a key state fund reach its best financial shape ever in the two decades it has been …