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The Florida Office of Insurance Regulation has licensed Elements Property Insurance Co. to write homeowners insurance in Floridaa state always in need of addition capital due to its high risk of hurricanes, alleged fraud, and other perils such as sinkholes.

Following nearly two years of modeling, stress-testing and refining its business model, Weston Insurance Co. is ready to embark on a precedent-setting move to assume about $30 billion in exposure from Floridas bloated last-resort insurer.

Following nearly two years of modeling, stress-testing and refining its business model, Weston Insurance Co. is ready to embark on a precedent-setting move to assume about $30 billion in exposure from Floridas bloated last-resort insurer.

Fitch Ratings does not believe the introduction of a new regulatory regime such as Solvency II should change an insurers creditworthiness, but its effects on the competition, capital and management behavior could result in credit implications.

Rating agencies will have their eyes on how mutual insurers manage risk and capital through the current soft-market, two rating-agency executives say.

Tampa-based HomeWise Preferred Insurance Co. was ordered into receivership on September 2.

Tampa-based HomeWise Preferred Insurance Co. was ordered into receivership on September 2.

Thanks to a string of very good luck--namely, four consecutive years of calm hurricane seasons--the Florida property insurance market appears able to absorb the blow of a large storm in addition to a series of smaller events this year.