Category: Florida Office of Insurance Regulation

  On October 11, 2013, the First District Court of Appeal reversed the previous ruling in the case of Office of Insurance Regulation v. Secure Enterprises, LLC, which addressed the validity of forms used to afford windstorm mitigation discounts to …

  Florida Insurance Commissioner Kevin McCarty issued an Order today, October 23, 2013, notifying the National Council on Compensation Insurance (“NCCI”) that its 1 percent proposed annual rate filing increase in Florida’s workers’ compensation insurance rates has been disapproved due …

The Florida Office of ‪#‎Insurance‬ ‪#‎Regulation‬ announced today, October 11, 2013, that it has joined ‪#‎Facebook‬ in an effort to provide additional outreach on important insurance topics to Florida’s insurance industry and residents through this popular ‪#‎socialmedia‬ networking site.  The …

  The Florida Office of Insurance Regulation (“OIR”) conducted a public hearing today, October 9, 2013, on State Farm Florida Insurance Company’s (“State Farm”) rate increase filing for its rental dwelling line of business.  The overall statewide increase requested by …

  In a news release issued today, October 7, 2013, Florida Insurance Commissioner Kevin McCarty announced that Universal Property & Casualty Insurance Company (“Universal”) has agreed to implement corrective action, including changes to its claims and underwriting practices that were …

  The Florida Auditor General (“AG”) published the results of its operational audit of the Florida Office of Insurance Regulation (“OIR”) on August 30, 2013. To view the complete audit, click here. The following conclusions were made: Finding No. 1:  …

  Florida Insurance Commissioner Kevin McCarty responded on August 9, 2013 to an August 7 letter from Florida Chief Financial Jeff Atwater questioning why Florida property insurance rates have not decreased in direct correlation to a “significant drop in reinsurance …

  The Florida Health Insurance Advisory Board (“Board”) met in Tallahassee today, July 30, 2013, with Florida Insurance Commissioner Kevin McCarty presiding as Chairman. Commissioner McCarty began the meeting by noting that the former Vice Chair of the Board had …

  A Florida Office of Insurance Regulation public hearing scheduled for today, July 30, 2013, on proposed amendments to Rules 69O-137.001 and 69O-138.001 was not requested by any member of the public, and therefore not held. Proposed amendments to Rule …

  The Florida Cabinet met today, June 26, 2013, during which various regulatory requests by the Florida Office of Insurance Regulation (“OIR”) were considered. OIR General Counsel Belinda Miller presented the agency’s agenda, all of which was adopted without comments …