-
KBRA believes First Protective’s and Frontline’s strong underwriting and claims handling compares favourably with that of their Florida peers. -
Senate Bill 2A addresses key concerns in the Florida property market, including one-way attorney fees and assignment of benefits, the ratings agency said.
-
The legislature met for a special session this week, discussing key concerns in the state's property insurance market.
-
The regulator has implemented several changes, which it says will increase UK competitiveness and bolster participation in the UK’s ILS market.
-
Florida has been seeking legislative reform amid a breakdown of the functionality of its insurance market.
-
The bill under discussion tackles key concerns like eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits right.
-
The state’s legislature has published its reform bill to be debated in the special session this week with wide-ranging reforms to tackle high litigation costs.
-
The upcoming special session, which will take place from December 12 to 16, will need to consider how to make Florida attractive to national insurers and reinsurers.
-
The special session comes as the Florida market braces itself for the effects of the anticipated reinsurance market hardening, potential regional insolvencies and the dearth of private capital.
-
The agency has also cut the carrier’s long-term issuer default rating to A-.
-
Several structural factors, including the pricing cycle, make insurers more insulated from US activist states.
-
The committee will be chaired by Albourne Partners’ MD and Asia region head Debra Ng.
