Oct 20, 2010
FPCA Members: You are cordially invited to a lunch meeting with Florida Representative Pat Patterson tomorrow, October 21, 11:30 a.m., at Sunset Sam’s Fish Camp, located in the Gaylord Palms Resort. The National Association of Insurance Commissioners (NAIC) currently is holding its meeting at the Gaylord …
Oct 20, 2010
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) met in Tallahassee yesterday, October 19, 2010, during which it approved two items: The FHCF October 2010 Estimated Claims Paying Capacity Report; and Filing a Rule Hearing Notice on …
Oct 20, 2010
The following new release was issued by the Florida Office of Insurance Regulation on October 20, 1010: Today Florida Insurance Commissioner Kevin McCarty co-signed a letter to National Association of Insurance Commissioners (NAIC) President Jane Cline urging the NAIC …
Oct 20, 2010
The following article was published in Bloomberg Business Week on October 20, 2010: By Simone Baribeau Florida’s state-run fund backing insurers against hurricane losses is paying the price for its ominous name. Bonds of the Florida Hurricane Catastrophe Fund Finance …
Oct 19, 2010
The U.S. Federal Reserve issued the following news release today, October 19, 2010: The Federal Reserve Board on Tuesday issued a report on the potential impact of credit risk retention requirements on securitization markets. The report was required …
Oct 19, 2010
The following article was published in the Insurance Journal on October 19, 2010: Allstate has agreed to pay $10 million to 45 states in a regulatory settlement involving its use of claims handling software. New York State Insurance Superintendent James …
Oct 19, 2010
Florida Property and Casualty Association Automobile Division Members: The Competitive Enterprise Institute (“CEI”) and the Mackinac Center for Public Policy released a study this week proposing several auto insurance regulation reforms in Michigan. The study advocates, among other ideas, ending the …
Oct 19, 2010
To view a complete story, click on a headline below: Blog: First Community Insurance wants 27 percent rate hike First Community Insurance Co. plans to ask regulators Thursday for a 26.7 percent increase for policies that cover rented …
Oct 19, 2010
The following article was published in the Florida Tribune on October 19, 2010: By Gary Fineout Published on October 19, 2010 http://fltrib.com/state-reinsurer-remains-good-shape-end-hurricane-season A new round of estimates for the Florida Hurricane Catastrophe Fund conclude that the state-created reinsurer remains …
Oct 19, 2010
The following article was published by the National Underwriter Online News Service on October 19, 2010: By Mark E. Ruquet ORLANDO, Fla.—Florida’s insurance commissioner said the insurance industry has gone through a radical period of change in …