After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent increase of homeowners insurance rates in the state. The …
Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The insurance workforce development law, passed in 2015, gives the …
Tennessee has stepped up its efforts to establish the state as a captive leader with new enhancements to the state’s captive insurance laws passed this year by the Tennessee Legislature. The changes to the 2011 captive law are expected to …
West Virginia Insurance Commissioner Michael Riley has issued several emergency orders to address the response and claims handling process from severe flooding that hit the state June 23. The three emergency orders signed and dated by Riley on June 28, …
In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof Bentele, head of Global Crisis Management at Allianz …
The West Virginia counties of Greenbrier, Kanawha, and Nicholas have been declared federal disaster areas in the wake of severe storms that devastated the state, killing 24 people and destroying more than 100 homes, as of Sunday. The Federal Emergency …
Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water losses and assignment of benefit (AOB) …
Tennessee has stepped up its efforts to establish the state as a captive insurance industry leader with enhancements to the state’s captive insurance laws just passed by the Tennessee Legislature. The changes to the 2011 captive law were signed into …
The Florida Supreme Court has delivered another blow to Florida’s workers’ compensation system with a ruling that the state’s statutory 104-week cap on temporary disability benefits is unconstitutional. The Florida Supreme Court ruled 5-2 in favor of the of the …
Appointed agents and agencies of Florida’s Citizens Property Insurance Corp. have just two weeks left to sign new appointment agreements or have their contract with the state-run insurer terminated. Agreements designed to ensure all of Citizens’ appointed agents and agencies …
