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LONDON (Reuters) -Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies ...
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That same year, Japan-based Tokio Millennium Re Ltd. became an approved Florida reinsurance vendor. [10] As of 2011, Citizens had cash and investment totaling $11.3 billion and 1.3 million policyholders. [11] The Florida Council of 100 published a position paper in 2010 entitled, "Into the Storm: Framing Florida's Looming Property Insurance ...
Fine wants to remove a gun-safety law passed by the Republican-led Legislature in 2018 after the Parkland school massacre. The bill, SB 94 , would lower the minimum age to purchase a gun from 21 ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
On July 21, 2010, President Barack Obama signed into law the federal Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), which contains the Nonadmitted and Reinsurance Reform Act of 2010 ("NRRA"). [1] The NRRA applies to nonadmitted insurance, which includes surplus line insurance and directly-procured insurance, and to ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
A new year also means new laws in Florida. ... Over 32 million people visited one of Florida’s 175 parks during fiscal year 2021-2022. While three-quarters of these visitors — about 75% ...