Regulation/Legislation

The Florida Commission on Hurricane Loss Projection Methodology has approved catastrophe modeling firm Risk Management Solutions' new hurricane model.

Note holders will have to wait before they receive interest payments on the notes they were issued as part of a settlement with guaranty insurer Ambac as the Wisconsin Insurance Commissioner reviews the tax implications of such payments.

Forecasters say Florida is among the most likely states to get a hurricane landfall, and storm activity is supposed to be above normal, putting all property insurers in this extremely volatile market on notice.

The Texas legislature passed legislation reauthorizing the Texas Department of Insurance (TDI), but did not act on separate legislation to reform the state’s last-resort wind insurer, the Texas Windstorm Insurance Association (TWIA).

There's never a real vacation when it comes to compliance. Many states have either very recent effective dates or impending ones looming large on the horizon that warrant close attention.

Former Florida Attorney General Bill McCollum moves to Washington, D.C. law firm.