Yield-starved investors are gambling that mother nature will be kind this year as they flock to a risky type of insurance-linked debt known as catastrophe bonds. Sales of “cat bonds” have hit a record level in the first four months of 2014 as insurance companies take advantage of investor appetite
Yield-starved investors are gambling that mother nature will be kind this year as they flock to a risky type of insurance-linked debt known as catastrophe bonds. Sales of “cat bonds” have hit a record level in the first four months of 2014 as insurance companies take advantage of investor appetite for
TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) today unveiled an expanded CHOICES system to give consumers one centralized location to search all four of the Office’s insurance rate comparison systems. This includes rates for Homeowners, Automotive, Medicare Supplement and Small Group health insurance. The CHOICES system gives Floridians
Car insurers are hailing a Florida Supreme Court decision not to review a case that aimed to stop a state law reducing Personal Injury Protection benefits, but opposing lawyers said renewed challenges are likely. The state high court’s decision ends one phase of a fight that saw a Tallahassee judge slap a temporary
Former Gov. Charlie Crist doubled down on his support of President Obama and national health care today and said Gov. Rick Scott is just plain “bad.” Crist also told the Capital Tiger Bay Club he didn’t vote for Scott, who was elected to succeed him in the Governor’s Mansion in 2010. Crist
The attempts of defenders of Obamacare to rouse the American people in favor of the doomed monstrosity have become more desperate and bizarre. The most recent example is taking place in Florida, where the sudden death of a young uninsured woman is being cited as an indictment of the Republican-controlled state legislature for
Most of the consumers who bought a private health plan from Florida Blue through the Affordable Care Act’s insurance exchanges between October and April were previously uninsured — one of many factors potentially leading to higher premium rates in 2015, according to a senior executive. Jason Altmire, a former Pennsylvania congressman and
From the Florida Insurance Council: The Senate Appropriations Committee this afternoon approved and cleared for the full Senate probably the most expensive assault on health insurance and managed care in recent legislative history. A major amendment produced some improvements, but FIC and other health plan lobbyists continued to oppose the
Florida has a unique opportunity to lower its risk of hurricane taxes and to make it more likely that the Florida Hurricane Catastrophe Fund will be able to pay its claims in a timely manner. In order to take advantage of this opportunity, the State Board of Administration (SBA), whose members
Citizens Property Insurance Corp. will begin consolidating its information technology staff in Jacksonville later this year, including 130 jobs that are currently in Tallahassee. Most of the personnel moves take place in 2015, Citizens spokesman Michael Peltier said Tuesday. The relocations include another 18 IT positions in Tampa. “There are some folks