Category: Florida Office of Insurance Regulation
Mar 7, 2012
This morning, March 7, 2012, the Florida Office of Insurance Regulation (“OIR”) held a public rate hearing on State Farm Florida Insurance Company’s (“State Farm”) request to increase rates on its manufactured home policies. The OIR officials who presided …
Jan 20, 2012
A Notice of Proposed Rulemaking has been submitted for publication for the purpose of repealing numerous Rules related to the arbitration of rate filing disputes. Section 627.062(6), Florida Statutes had previously granted insurers the right to arbitrate rate filing …
Jan 4, 2012
The Florida Office of Insurance Regulation (“OIR”) advised all Florida residential property insurers today, January 4, 2012, that the revised “Uniform Mitigation Verification Inspection Form” (“Form OIR-B1-1802”) will become effective on February 1, 2012. In Informational Bulletin OIR-12-01M, a copy …
Jan 4, 2012
Today, January 4, 2012, the Florida Office of Insurance Regulation published its 2011 Workers’ Compensation Annual Report on the state of the Florida workers’ compensation insurance market. Using both 2010 and 2011 data, the report analyzed the availability and …
Dec 28, 2011
The Florida Office of Insurance Regulation issued Informational Memorandum OIR-11-09M today, December 28, 2011, from Florida Insurance Commissioner Kevin McCarty to all Florida Life and Health Insurers and Health Maintenance Organizations (“HMOs”) to advise that Florida has not enacted …
Dec 21, 2011
With little discussion, the Florida Office of Insurance Regulation’s (“OIR”) Florida Health Insurance Advisory Board (“FHIAB”) adopted its 2012 budget along with the 2011 Florida Health Insurance Market Report during a brief meeting yesterday, December 20, 2011. To view …
Nov 4, 2011
Above: Florida Insurance Commissioner Kevin McCarty was elected NAIC President today, November 4, 2011 Florida Insurance Commissioner Kevin McCarty was elected 2012 President of the National Association of Insurance Commissioners (“NAIC”) today, November 4, 2011. Outgoing NAIC President …
Oct 31, 2011
The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, October 31, 2011, regarding an 8.9 percent rate increase requested by the National Council on Compensation Insurance (“NCCI”) and approved by the OIR on October 24. The …
Oct 24, 2011
Today, October 24, 2011, the Florida Office of Insurance Regulation (“OIR”) announced its approval of a rate increase of 8.9 percent for the National Council on Compensation Insurance, effective January 1, 2012 for workers’ compensation insurance rates in Florida. A …
Oct 17, 2011
The Florida Office of Insurance Regulation (“OIR”) is finalizing revisions to Form OIR-B1-1802, also known as the Uniform Mitigation Verification Inspection Form. The OIR has released proposed language for Section 7 of the form, which is entitled “Opening Protection,” …