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By Staff Writer |
November 9, 2010
Three more foreign reinsurers--all based in Bermuda--have reached agreements with the Florida Office of Insurance Regulation to participate in the state's insurance market under modified regulatory terms.
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By Chad Hemenway, PropertyCasualty360.com |
October 4, 2010
Homeowners insurance controversies have made headlines in Florida, Mississippi and New York of late, as insurers and regulators struggle to maintain a viable catastrophe coverage market, and in some cases butt heads over rates and exposure.
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By Chad Hemenway, PropertyCasualty360.com |
September 24, 2010
The Florida Office of Insurance Regulation has approved an average statewide homeowners insurance rate increase for Citizens Property Insurance Corp. of 10.3 percent--slightly more than the state-run insurer asked regulators to approve.
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By Chad Hemenway, PropertyCasualty360.com |
August 23, 2010
Florida Insurance Commissioner Kevin McCarty would like to begin surveying the state's insurance companies to get a grasp of one of the largest non-catastrophe cost drivers in Florida: sinkhole claims.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 7, 2010
A report that Florida's catastrophe funds have over $2 trillion in loss exposure will be clarified in the future, according to officials from the state's insurance department.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 7, 2010
A report that Florida's catastrophe funds have over $2 trillion in loss exposure will be clarified in the future, according to officials from the state's insurance department.
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By Chad Hemenway, PropertyCasualty360.com |
June 18, 2010
XL Re Ltd. is the first reinsurance company from Bermuda to operate in Florida without having to put up 100 percent collateral.
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By Chad Hemenway, PropertyCasualty360.com |
June 17, 2010
The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.
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By Chad Hemenway, PropertyCasualty360.com |
June 15, 2010
Florida domestic insurer Olympus Insurance Company has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.
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By Chad Hemenway, PropertyCasualty360.com |
June 15, 2010
Florida domestic insurer Olympus Insurance Co. has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.
