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Four relatively small storms hit Florida in 2004, which meant considerably fewer losses for reinsurers--in part because of coverage provided by the Florida Catastrophe Fund. However, 2005's Hurricane
Florida and eight other states have reached a nationwide settlement of $171.7 million with Zurich American Insurance Company, resolving bid-rigging and price-fixing allegations against the firm,
News of the deficit, he said, "reinforces the need for immediate rate-relief for Florida's property owners, which can be accomplished by using surplus sales tax revenue to offset insurance assessments
A group of 28 risk managers and senior executives from major brokers, insurers, trade associations and regulatory authorities held an invitation-only, closed-door meeting Wednesday in New York to disc
A group of 28 risk managers and senior executives from major brokers, insurers, trade associations and regulatory authorities held an invitation-only, closed-door meeting Wednesday in New York to disc
He said another factor was "the firm's willingness to commit resources to developing the system, including the arbitrator panel, and to provide a solution that creates efficiencies that ultimately ben
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