NAIC Survey Shows Majority of Homeowners Concerned About Climate Related Threats
Targeted News Service (Press Releases)
WASHINGTON,
National Association of Insurance Commissioners issued the following news release:
Nearly three quarters of consumers say the most significant threats facing their homes today are weather-related, and 68% are aware of things they can do to protect their properties to reduce risk. The top weather-related concerns are water damage from rain or snow melt, followed closely by wind damage from tornados and hurricanes. Just 27% of consumers cite non-weather-related risks, such as plumbing and appliance issues and theft as the most significant threats to their homes.
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Maine has become the latest state to adopt a version of the National Association of Insurance Commissioners (NAIC) model cybersecurity law. Signed into law on March 17, 2021, the Maine Insurance Data Security Act establishes investigation procedures, data security program standards, and notification requirements for persons authorized or registered to operate pursuant to the insurance laws of Maine (licensees), with the aim of protecting the security and confidentiality of non-public information and the security of the licensee s information systems. Licensees with fewer than ten employees are exempt.
Like the NAIC model law and the New York State Department of Financial Services Cybersecurity Regulation that inspired it, the Act requires licensees to develop, implement, and maintain a written information security program to protect the licensee s systems and non-public information. These programs must be proportionate t
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Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of ratings to seven classes of Last Mile Securities PE 2021 DAC, a CMBS single-borrower securitisation.
The collateral for the transaction consists of a €383.5 million limited recourse, first lien mortgage loan. The floating rate loan has a five-year term. The loan is secured by the borrowers interests in 49 primarily industrial assets across the Netherlands and Germany. The largest asset is 5.4% by allocated loan amount, while the 10 largest assets account for approximately 43.2% of the pool. The properties are leased to approximately 450 individual tenants, of which the largest represents 2.8% of gross rental income, and the top 10 represent 16.7%. The tenants comprise a variety of multinational, regional, and local firms.
Updated 2 hours ago
Floridaâs property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price.
Experts say there is no quick fix to the challenges buffeting the industry.
Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industryâs fifth consecutive year of losses in the state and is more than two-and-a-half times what those companies lost in 2019.
VersaBank Receives Investment Grade Credit Ratings: A Overall and A- Sub-Debt Ratings Transform Low-Cost Deposit Opportunities prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.