The Risk Management and Own Risk Solvency Assessment Model Act requires insurers to manage a comprehensive enterprise risk management framework that is embedded within company operations by January 2015.
With millions of newly insured patients expected to fill up the waiting rooms of doctors offices as healthcare reform is implemented, medical malpractice insurers have reason for concern about the laws impact on liability trends.
Some private reinsurers and other groups have falsely and recklessly alleged the Florida Hurricane Catastrophe Fund provides phantom coverage. This misinformation adds nothing to what should be a constructive discussion about how to improve the Florida homeowners insurance market.