Based on the recently revised projected claims-paying capacity of the Florida Hurricane Catastrophe Fund (FHCF), rating agency A.M. Best has updated its treatment of reinsurance provided to rated entities from this structure. As it previously indicated, A.M. Best said it …
On the first day of the official hurricane season for 2009, and on the last day of the Texas legislative session, Texas lawmakers passed a bill that would recapitalize the Texas Windstorm Insurance Association (TWIA). Legislators voted 31-0 on HB …
Time is running out on the Texas Legislature. Several big issues — including restoring the state’s windstorm insurance fund — were in final negotiations as the last weekend of the 140-day session turned into a mad scramble of attempts to …
Private weather forecaster Planalytics predicted Wednesday that the 2009 Atlantic hurricane season will produce 10 tropical storms, of which six will become hurricanes. The company said one or two of the storms were likely to become major hurricanes of Category …
The Florida Department of Financial Services has developed an online Insurance Library to provide Floridians with on financial and insurance issues. The Insurance Library also has information to assist citizens as they prepare for the hurricane season, which begins June …
Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …
Against the background of the impending Atlantic Hurricane Season, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has released a briefing document outlining the role of risk management in the region’s adaptation strategy in the face of climate change. “The briefing …
The Central Pacific Hurricane Center in Hawaii is forecasting three to five tropical cyclones forming in the central Pacific during the 2009 hurricane season, which begins June 1. An average season has four or five. Tropical cyclones include tropical depressions, …
A work slowdown by House Democrats was meant to stop a voter identification law. But other bills in the path of destruction deal with hurricane insurance, local road projects, solar energy incentives and even trans fats in restaurant foods. Endangered …
Democratic members of the Texas House of Representatives have been using stalling tactics to avoid a vote on a controversial Voter ID bill widely supported by Republicans. The only problem is, other measures, including a bill that addresses funding for …
