Category: Florida Office of Insurance Regulation

The 2018 hurricane season begins June 1, and Florida Insurance Commissioner David Altmaier encourages consumers to take action now to secure flood insurance coverage. He says, “Flooding can happen any time of year, but the chances increase significantly with hurricanes and …

Calling it “the first service to independently measure and identify the quality of pretax statutory earnings reported for a calendar year,” Demotech has introduced “SPEQUELLAE.”

The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of Certified Public Accountants (“AICPA”) for use in annual …

The Florida Office of Insurance Regulation is in process of updating reimbursement rates for per diem and other expenses incurred during financial, rate, and market conduct examinations. A Rule Development Workshop has been set for March 21, 2018 at 10 …

The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of Certified Public Accountants for use in annual audited financial statements.

Florida insurer financial stability rating service Demotech issued its most recent update on February 9, 2018, in which it advised that reinsurers will also be reviewed during the coming year.

Florida insurer financial stability rating service Demotech issued its most recent update on February 9, 2018. Prior to the 2018 Hurricane Season, Demotech advised that each carrier it reviews and rates will be asked to submit “at least” the following …

After the Florida House of Representatives passed HB 7015 relating to Property Insurance Assignment Agreements by a vote of 82 to 20 today, January 12, 2018, the Florida Office of Insurance Regulation (“OIR”) announced its publication of the “2017 Review of Assignment …

After the Florida House of Representatives passed HB 7015 relating to Property Insurance Assignment Agreements by a vote of 82 to 20 today, January 12, 2018, the Florida Office of Insurance Regulation (“OIR”) announced its publication of the “2017 Review …

  UPDATED:  Please note the proposed Rule markup added below. Requirements for insurers to establish and maintain anti-fraud investigation units will be the subject of a Florida Division of Investigative and Forensic Services Rule Hearing on February 5, 2018 if …