Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Florida stand-off continues as another ‘de-pop’ goes

13 April 2010

Florida's insurance commissioner and governor have stood firm in defending their handling of the state's insurance sector, as one insurer faced insolvency and another was put onto special regulatory measures last week.

Florida insurance commissioner Kevin McCarty was reported last week in the Miami Herald to have revealed that homeowner insurer Northern Capital, which was founded in 2006 and has about 70,000 policies in force, was insolvent.

Northern had been under supervision by the Department of Insurance since May 2009...

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