Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation will hold a public hearing tomorrow, October 4, 2012, to discuss the National Council on Compensation Insurance’s proposed rate increase for its workers’ compensation line of business.  The proposed statewide average rate increase …

  The Florida Office of Insurance Regulation (“OIR”) reported today, October 1, 2012, that it has received over 100 filings by auto insurers operating in Florida pursuant to HB 119.  Enacted in 2012, the bill effected comprehensive Personal Injury Protection …

  Several  Florida chiropractors, two massage therapists and an acupuncturist have filed a lawsuit against Florida Insurance Commissioner Kevin McCarty in his capacity as commissioner of the Florida Office of Insurance Regulation, in which they challenge various prohibitions contained in …

  The Insurance Information Institute (“III”) advised today, September 28, 2012, that prior to substantive Personal Injury Protection Insurance (“PIP”) reforms effective January 1, 2013, Florida’s auto insurers have an October 1 deadline to submit a rate filing to state …

  The Florida Office of Insurance Regulation (“OIR”) advised today, September 24, 2012, that it has approved the removal of an additional 60,000 policies from Citizens Property Insurance Corporation (“Citizens”) for acquisition by private insurers. American Integrity Insurance Company has …

The Florida Office of Insurance Regulation is encouraging consumers with Smartphone technology to take advantage of two new mobile applications created by the National Association of Insurance Commissioners (NAIC). The first app was designed to help consumers prepare a home …

  During its October 23, 2012 meeting, the Florida Cabinet will hold a Final Public Hearing to adopt the repeal of Rule 69O-170.012 relating to Sinkhole Insurance. According to the Florida Office of Insurance Regulation, the Rule has become antiquated …

  In an Order to all property and casualty insurance carriers from Florida Insurance Commissioner Kevin McCarty issued yesterday, August 30, 2012, the Florida Office of Insurance Regulation updated underwriting profit and contingency factors that insurers may use in rate …

  The Florida Office of Insurance Regulation has issued an Informational Memorandum notifying residential property insurers that under Florida law, the hurricane deductible is not applicable to Tropical Storm/Hurricane Isaac damage claims that occurred prior to August 28, 2012, at …

  The Florida Office of Insurance Regulation (“OIR”) announced today, August 23, 2012, that it has received the annual  filing for workers’ compensation insurance rates in Florida from the National Council on Compensation Insurance (“NCCI”).  The proposed rate change is …