Amy O'Connor

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About Amy O'Connor

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So far Amy O'Connor has created 9 blog entries.
3 04, 2020

Demotech Reveals Florida Insurer Ratings, Says Market ‘Most Difficult’ in U.S.

By | April 3rd, 2020|Uncategorized|Comments Off on Demotech Reveals Florida Insurer Ratings, Says Market ‘Most Difficult’ in U.S.

The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of companies in mid-March, Demotech announced April 2 that …

9 03, 2020

Auto Insurer Windhaven National Ordered Into Liquidation by Texas Court

By | March 9th, 2020|Uncategorized|Comments Off on Auto Insurer Windhaven National Ordered Into Liquidation by Texas Court

Texas-based private passenger auto insurer Windhaven National Insurance Co. (WNIC), a subsidiary of Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of Insurance, which was appointed as liquidator. The order for liquidation was granted …

2 01, 2020

Insurance Journal’s Top 10 Southeast Region Stories of 2019

By | January 2nd, 2020|Uncategorized|Comments Off on Insurance Journal’s Top 10 Southeast Region Stories of 2019

It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the Southeast coast and made landfall on …

31 12, 2019

Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech

By | December 31st, 2019|Uncategorized|Comments Off on Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech

Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing program administrators to think outside the box in order to …

31 12, 2019

Jim Beam Fined $600K Over Massive Kentucky Bourbon Spill

By | December 31st, 2019|Uncategorized|Comments Off on Jim Beam Fined $600K Over Massive Kentucky Bourbon Spill

Jim Beam was fined $600,000 earlier this month after a July warehouse fire sent a nearly 23-mile (37-kilometer) plume of alcohol into the Kentucky and Ohio rivers, killing fish. The distiller agreed to the fine in a Dec. 6 order …

20 12, 2019

Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten

By | December 20th, 2019|Uncategorized|Comments Off on Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten

Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers raising rates and restricting coverage. Prompted by the request of Florida …

17 12, 2019

Florida Auto Insurer Windhaven Placed Into Rehabilitation

By | December 17th, 2019|Uncategorized|Comments Off on Florida Auto Insurer Windhaven Placed Into Rehabilitation

The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a Florida court and the Florida Department …

16 12, 2019

Judge Approves $103M Settlement for Florida Bridge Collapse Victims

By | December 16th, 2019|Uncategorized|Comments Off on Judge Approves $103M Settlement for Florida Bridge Collapse Victims

The families of six people killed, along with 10 people injured, when a bridge collapsed at a Miami university are set to receive a nearly $103 million settlement. Judge A. Jay Cristol, with U.S. Bankruptcy Court in Miami, approved a …

6 11, 2019

Going Public: BRP CEO Baldwin On the Company’s IPO, What’s Next

By | November 6th, 2019|Uncategorized|Comments Off on Going Public: BRP CEO Baldwin On the Company’s IPO, What’s Next

Florida-based broker Baldwin Risk Partners (BRP) has come a long way since it was formed less than 10 years ago. The company has grown exponentially both through acquisitions and expansion and it is now beginning a new chapter of its …