Although legislative efforts at comprehensive Florida property insurance reform were ultimately vetoed this year, actual passage of SB 2044, along with other recent developments, may indicate a growing understanding by Florida lawmakers of underlying problems that continue to debilitate the state's property insurance market. Read the entire article by Mike Colodny here

By Krista S. Kovalcin, FPCA Legal Team On December 11, 2009, the Internal Revenue Service ("IRS") issued two identical Private Letter Rulings (PLRs) in 200950016 and 200950017. The PLRs each held that, where there was risk shifting and risk distribution present in an arrangement involving a domestic captive reinsurer that was solely in the business [...]