Property-insurance reform is necessary because Florida relies on the trinity of insurance market "stabilizers" known as the Citizens Property Insurance Corp., Florida Hurricane Catastrophe Fund and Florida Guaranty Insurance Association, State Representative John Wood writes in this Lakeland Ledger editorial opinion. Read the entire story here
The Florida Insurance Consumer Advocate's Homeowners' Policy and Claims Bill of Rights Working Group ("Working Group") meets for the second of two consecutive days in Tallahassee today, July 18, 2013, at 9:00 a.m. (ET). To view today's agenda, click here. Led by Florida Insurance Consumer Advocate Robin Smith Westcott, the Working Group's morning session includes the [...]
During a July 17, 2013 meeting of the National Association of Insurance Commissioners' ("NAIC") Financial Condition Committee, regulators reviewed the draft "White Paper on Captives and Special Purpose Vehicles" and contemplated the creation of a captive transactions review board in the wake of solvency concerns about the use of captives by life insurers. Proposed additional charges [...]