Tennessee Insurance Dept. Receives NAIC Accreditation April 16, 2021
The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC).
The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review and coordinate their regulatory oversight.
TDCI’s Division of Insurance regulates approximately 1,917 insurance companies, 1,367 related entities and more than 232,000 insurance agents.
“Accreditation from the NAIC gives Tennessee policyholders confidence that Tennessee’s domestic insurance companies are being continually analyzed under a robust, risk-focused approach that results in more financially sound insurance compan
NAIC Launches Home Inventory App
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WASHINGTON, April 15, 2021 /PRNewswire/ The National Association of Insurance Commissioners (NAIC) today announced the launch of its Home Inventory App. The NAIC Home Inventory App makes it easy for consumers to create and protect a record of their belongings and offers tips on disaster preparation and filing claims.
The NAIC Home Inventory App features the ability to:
group belongings by category
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KBRA Assigns Preliminary Ratings to CoreVest American Finance 2021-1
April 15, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 15, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to nine classes of certificates issued in the CoreVest American Finance 2021-1 (CAF 2021-1) securitization. This will be the fifteenth such transaction issued by CoreVest American Finance.
CAF 2021-1 is a $276.0 million multi-borrower securitization collateralized by 61 single-family rental (SFR) and traditional multifamily loans. The loans are secured by mortgages on 3,134 rental units in 2,253 single-family, 2-4 family, and multifamily properties. The subject pool includes 64 multifamily properties (567 units), which represent 18.2% of the total pool balance.
Barry Gilway: What has happened to the Florida property insurance market?
Last week, we got an answer.
How did we move in just five years from a vibrant market where financially solid companies competed for business to an unhealthy environment where policyholders who have never filed a claim are being dropped or see their premiums jump by 30, 40, 70% in a year?
Last week, we got an answer.
The
National Association of Insurance Commissioners, is not only mind-blowing but clearly unsustainable unless Floridians accept the level of rate increase we are seeing today.
While the NAIC data is incredible, it is not unexpected. Florida domestic insurance companies posted a $1.6 billion operating loss in 2020, the latest of four progressively unprofitable years. While storm activity played a part in last year’s losses, remember that no major storms hit Florida in 2020. Instead, the major reason for these unsustainable losses is excessive and abusive litigation on a scale that exis
Country-Wide Auto Insurance: Everything You Need to Know yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.