Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) published its 2013 Workers’ Compensation Annual Report (“Report”) and issued a copy to the Florida Legislature today, December 30, 2013.  The 27-page Report, which evaluates competition in Florida’s workers’ compensation market, can …

  Litigation challenging the constitutionality of Florida’s 2012 Personal Injury Protection reform law has been appealed to the Florida Supreme Court after the First District Court of Appeal denied the Plaintiffs’ motion for a rehearing en banc. To view the …

  The Florida Office of Insurance Regulation (“OIR”) issued a reminder today, December 23, 2013, that a process allowing for self-certification of certain personal lines property and casualty insurance forms and exempting those forms from the requirements of Section 627.410, …

  Florida Insurance Commissioner Kevin McCarty announced today, December 11, 2013, that Rebecca Matthews has been appointed Florida Office of Insurance Regulation (“OIR”) Chief of Staff after having served in the role in an interim capacity since October 25. Monte …

  In an Order to all property and casualty insurance carriers from Florida Insurance Commissioner Kevin McCarty issued December 2, 2013, the Florida Office of Insurance Regulation (“OIR”) updated underwriting profit and contingency factors, pursuant to Rule 69O-170.003, that insurers …

  Pursuant to legislation enacted this year, the Florida Office of Insurance Regulation (“OIR”) released a report today, December 2, 2013, in which it reviewed Florida law and regulations to determine whether there are adequate protections for purchasers of life …

  Florida Insurance Commissioner Kevin McCarty announced today, November 25, 2013, that a $3.3 million life claim settlement agreement (“Agreement”) has been reached with Midland National Life Insurance Company and North American Company for Life and Health Insurance (“Midland”). To …

  The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, October 30, 2013, approving a workers’ compensation rate increase of 0.7 percent after the National Council on Compensation Insurance (NCCI) resubmitted a corrected rate filing following the …

In accordance with Rule 69O-144.007 of the Florida Administrative Code (“Rule”), the Florida Office of Insurance Regulation (“OIR”) is authorized to allow credit for reinsurance without full collateral for transactions involving property and casualty assuming insurers not meeting Florida’s standard …

  The Florida Office of Insurance Regulation (“OIR”) issued Informational Memorandum OIR-13-03M (“Memorandum”) today, October 28, 2013, to insurers exploring the feasibility of writing primary flood insurance in the state. Section 239 of the federal Biggert-Waters Flood Insurance Reform and …