Florida Property Insurance Market Inches Closer to Crisis – Part 1 October 29, 2020 By Amy O'Connor After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry...
HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds February 18, 2020 By Amy O'Connor The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary...
HCI to Acquire Policies of Florida’s Anchor P&C; Weston to Acquire Anchor Specialty January 15, 2020 By Amy O'Connor Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage October 7, 2019 By Amy O'Connor Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state...
Super Regional P/C Insurer Conference Registration Underway February 5, 2018 By Newswire Lake Geneva, WI, February 5, 2018- Following up on a sold-out inaugural conference last year, the industry’s second annual Super...
Here’s What a Category 5 Hurricane Could Do to Florida September 7, 2017 By Amy O'Connor Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but...
25 Years Later…What If an Andrew-Type Storm Hit Florida Today? August 28, 2017 By Amy O'Connor Though Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992,...
Florida Domestic Insurer Sawgrass Mutual to ‘Wind Down’ Operations August 23, 2017 By Amy O'Connor Just a day after being downgraded by ratings agency Demotech, Florida-based insurer Sawgrass Mutual Insurance Company has revealed it is...
Key Florida Players to Highlight Importance of Catastrophe Reinsurance April 25, 2016 By Joseph L. Petrelli Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most...
Penn. Intergovernmental Risk Management Association’s Rating Affirmed February 16, 2016 Demotech Inc. has affirmed the “AAA” Financial Stability Rating (FSR) assigned to Pennsylvania Intergovernmental Risk Management Association (PIRMA), a self-funded...