Jan 10, 2007
The following articles were recently published regarding the Florida insurance market and proposed changes in property insurance laws: “Crisis at Hand” “Insurers Struggle” Should you have any questions, please do not hesitate to contact Colodny Fass.
Jan 10, 2007
Please see the following email which we received from the Florida Office of Insurance Regulation (OIR) indicating that OIR intends to issue an Informational Memorandum on April 17th changing the reporting schedule for Hurricane Wilma. Should you have any questions, …
Jan 10, 2007
On April 12, 2006, a conference call was held by A.M. Best regarding changes that have been made to its Catastrophe Stress Test (the “Test”). The Test allows A.M. Best to evaluate insurers’ financial strength to reflect their ability to …
Jan 10, 2007
Click here to read an article regarding estimates made by Florida’s Public Hurricane model. Please feel free to contact this office with any questions or concerns you may have.
Jan 10, 2007
Please see the Press Release issued by the Florida Office of Insurance Regulation today regarding the Public Hurricane Model. Please feel free to contact this office with any questions or concerns you may have. 04/12/2006 PUBLIC HURRICANE MODEL ESTIMATES, …
Jan 10, 2007
Click here to read a news release issued by A.M. Best regarding modifications they are making to their catastrophe stress test in response to pressure they have received as to the impact the more stringent requirements are having on reinsurers’ …
Jan 10, 2007
The Senate Banking and Insurance committee held an all day meeting today to discuss and debate proposed bills relating to property insurance. The committee addressed two bills, including a bill concerning sinkhole claims and a bill relating to Citizens Property …
Jan 10, 2007
Please find attached an article from the business section of today’s Miami Herald concerning the impact of rising reinsurance costs on small insurance firms. Regards, Erin Treacy
Jan 10, 2007
The Citizens Claims Committee (“Claims Committee”) held a meeting on April 6, 2006 during which the following topics were discussed: The possibility of running Florida Crime Information Center (“FCIC”) and National Crime Information Center (“NCIC”) criminal background checks on its …
Jan 5, 2007
On April 5, 2006, the Senate Banking and Insurance Committee met. The Senate Committee took up reform package SB 1980 by Chairman Garcia entitled Property Insurance, which had been a shell-bill. Chairman Garcia released a proposed committee substitute of SB …