The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has published its statutory Hurricane Standards Report of Activities as of November 1, 2017. To view the document, click here. The FCHLPM has operated on a biennial cycle since 2009, when …

The Florida Hurricane Catastrophe Fund (“FHCF”) has posted Mandatory Year-End Loss Reporting information for 2017 Hurricanes Irma and Nate, as well as for 2016 Hurricanes Hermine and Matthew. FHCF Participating Insurers must submit Year-End Proof of Loss Reports for each …

Insurers With Stockholders Pay Out Less To Florida Drivers, Study Says As Car Damage from 2017 Storms in Florida and Texas threatens to set Records, does it matter if your Insurance Company has to please Stockholders and not just Policyholders?  …

The U.S. Treasury advised this week that a statutory periodic analysis of certain matters relating to the Terrorism Risk Insurance Program (“TRIP”) is now underway. Originally enacted as part of the recovery from the 2001 World Trade Center 9-11 bombings …

Patriot National to Reorganize For Acquiring Lenders; Subsidiaries to File Chapter 11 The Company, headquartered in Fort Lauderdale, Fla., expects the Reorganization, which is subject to Regulatory Approval, will be completed early in the Second Quarter of 2018.  Insurance Journal’s …

The National Association of Insurance Commissioners’ (“NAIC”) Public Adjuster Working Group (“Working Group”) met yesterday, November 27, 2017, to review submitted public comments on the following documents relating to the hiring of public adjusters: (1) Insurance Industry Advisory (2) Advisory …

The National Association of Insurance Commissioners (“NAIC”) is planning a February 2018 public hearing in either New York or Washington, D.C. that would specifically be devoted to soliciting feedback on the reinsurance aspects of the Bilateral Agreement Between the United …

Insurance Company Tied to Patriot National Agrees to be Acquired Ashmere Insurance Co.’s Parent Company, which is majority owned by Patriot National’s Former CEO and majority shareholder Steven Mariano, announced on November 21 that it plans to be acquired by Bedrock …

Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee (“Committee”) will convene this Thursday, November 30, 2017, to review various aspects of the State-run insurer’s ongoing response to Hurricane Irma.  The Committee, which has not met since June of this …

Florida Nursing Home Hurricane Deaths Ruled Homicides Authorities say the Deaths of 12 of the 14 Florida Nursing Home Patients who died after Hurricane Irma have been ruled Homicides.  The Sun-Sentinel reports. When Will Floridians Fight Tax Insurance Regulation?  Seems the old proverb about …