florida
Startups Withstood Matthew, But More Modeling Needed: Florida Regulators Paid Members Public
Billions in new capital dedicated to Florida hurricane risk withstood its first real test during 2016 storm season, but startup insurers created as a result of the state’s “take out” privatization program will need to model more dire scenarios in order to understand their true risk, state officials said.
Reinsurance, “Takeout” Execs Vie to Become Florida’s Top Insurance Regulator Paid Members Public
Two reinsurance executives — and a leader of a recently created “takeout” insurer — have placed their names into the process to replace outgoing Florida Insurance Commissioner Kevin McCarty. Richard McCarty — listed as the former senior vice president and general counsel of XL America — applied to become Florida’s top insurance regulator,
Florida Catastrophe Fund Rejects Alternatives, Keeps Investments On Yield Leash Paid Members Public
The commission responsible for overseeing Florida’s catastrophe pool has rejected a proposal to push the yield envelope on its $17 billion in assets at a Monday meeting. “There is a clear and present danger to paying a significant amount of claims in a relative short period of time,” said
Florida Relentless Hurricane Insurance Takeout Targets 79,000 Paid Members Public
The ongoing depopulation of Citizens Property Insurance Corporation continued Tuesday with the approval by Florida’s insurance regulator to “takeout” over 79,000 residential and commercial property insurance policies. The Florida Office of Insurance Regulation approved the “removal” of up to 78,897 personal residential policies and 500 commercial residential
