Tag: Department of Insurance Regulation
Las Vegas Strip transforms into a Grand Prix.

Michael MolineOctober 18, 2016
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5min337
The Florida Hurricane Catastrophe Fund holds $17.5 billion in liquid assets, enough to meet its statutorily mandated reserves with $500 million left over, administrators said Tuesday. Furthermore, the fund, a backstop to the state’s property insurance companies, can easily go to the financial markets to raise money if Florida suffers storm damage sufficient to strain […]

Michael MolineOctober 12, 2016
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1min256
Insurance claims related to Hurricane Matthew are arriving in earnest now — more than 39,000 of them as of Wednesday. The exact number, according to the Florida Department of Insurance Regulation, was 39,302. Estimated losses stood at $218 million. Of the total claims, 650 had been closed with payments to the policyholders; another 1,027 were closed without payments. […]


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