TITLE

Calm Before the Storm

AUTHOR(S)
Slavin, Al
PUB. DATE
June 2009
SOURCE
Best's Review;Jun2009, Vol. 110 Issue 2, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the effort of lawmakers to reduce a catastrophe-fund shortfall estimated at $13 billion before the start of the hurricane season in Florida. The Aon Benfield report said that some carriers with later renewal dates are trying to move ahead of June or July renewal season in anticipation of a capacity issue. A bill to phase out $12 billion of liability from its catastrophe fund over a six-year period was passed by the Florida Legislature.
ACCESSION #
42430720

 

Related Articles

  • A catastrophe waiting to happen? Noonan, Brendan // Best's Review / Property-Casualty Insurance Edition;Feb1994, Vol. 94 Issue 10, p30 

    Discusses Florida's catastrophe reinsurance fund following the impact brought by Hurricane Andrew on the private insurance industry. Concern on the trigger for the catastrophe fund; Fund's revenue provisions; Support for the Natural Disaster Protection Act.

  • A Flood-Determination Company Retained By The Lender To Perform A Flood-Zone Determination On A Borrower's Property Does Not Owe A Duty To The Borrower, And Therefore The Borrower Cannot State A Claim For Negligence Against The Company. Audler v. CBC Innovis, Inc., 2008 WL 509323 (C.A. 5 (LA.)). Cassling, Donald R. // Banking Law Journal;Jun2008, Vol. 125 Issue 6, p579 

    The article reports the court case wherein plaintiff Audler sued CBC Innovis Inc. (CBC) on the basis of the National Flood Insurance Act. Audler claims that CBC certified that his home was not located within a flood hazard zone resulting to his failure to obtain flood insurance. During the...

  • Florida Commission Approves EQECAT's USWIND As Catastrophe Model.  // Insurance Advocate;01/03/98, Vol. 108 Issue 1, p16 

    Announces that the Florida Commission on Hurricane Loss Projection Methodology has approved the USWIND model from EQECAT that will be used for residential rating in Florida. Comments from John Tedeschi, ACAS-vice-president of EQECAT.

  • Nationwide reports damage claims paid for Florida's Opal...  // Insurance Advocate;1/6/96, Vol. 107 Issue 1, p6 

    Reports that Nationwide Insurance Enterprise revealed they have paid out more than 44 million for damages caused when Hurricane Opal hit Florida, Georgia and Alabama in October 1995. Number of claims received; Amount policyholders were paid; How much representatives were dispatched to Florida.

  • House bill would create pool for catastrophe reinsurance. Hofmann, Mark A. // Business Insurance;6/19/95, Vol. 29 Issue 25, p2 

    Reports on the US House's introduction of the Natural Disaster Protection Partnership Act of 1995, a bill providing for the establishment of a catastrophe reinsurance fund. Nonprofit private firms' management of the fund; Losses covered; Eligibility requirements.

  • House committee approves disaster bill. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;07/20/98, Vol. 102 Issue 29, p4 

    Reports on the United States House Banking Committee's approval of legislation creating a federal role in insuring natural disaster losses. Sale of disaster reinsurance contracts by the Treasury Department under the legislation; Amendments adopted during the Committee's consideration of the bill.

  • Natural disaster bill debated.  // Business Insurance;7/22/96, Vol. 30 Issue 30, p2 

    Reports on the efforts of the proponents of a bill designed to make natural disaster insurance more available to get the measure to the Senate floor despite President Bill Clinton administration's opposition. Important aspects of the Natural Disaster Protection and Insurance Act; Key White...

  • Natural or supernatural?  // State Government News;May97, Vol. 40 Issue 4, p17 

    Reports that Arkansas Governor Mike Huckabee only signed into law a bill allowing disaster victims to keep their insurance after a change in the phrase `acts of God,' which is used to describe natural disasters. Huckabee's basis in opposing the phrase; Lawmakers who challenged Huckabee's...

  • Florida lawmakers propose state catastrophe program.  // Best's Review / Property-Casualty Insurance Edition;Dec93, Vol. 94 Issue 8, p6 

    Reports on the agreement of Florida legislators on the outlines of a state catastrophe reinsurance fund. Reconciliation of differences between House and Senate bills; Payment of claims by the catastrophe fund; Endorsement of the House bill by the Allstate Insurance Company.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics