Category: Florida Office of Insurance Regulation

  In keeping with its “strong emphasis on the prompt and equitable payment of property insurance claims, particularly following a disaster,” the Florida Office of Insurance Regulation (“OIR”) has issued an informational bulletin to all authorized property and casualty insurers …

The Florida Office of Insurance Regulation announced various staff changes today, March 15, 2011.  The referenced positions are outlined in the news release reprinted below.   Should you have any questions or comments, please contact Colodny Fass. Florida Office of …

  Insurers seeking limited apportionment company (“LAC”) status for 2011 must petition the Florida Office of Insurance Regulation (“OIR”) within the first 90 days of 2011, meaning by March 31, 2011. Applications received after this deadline will not be considered. Companies …

  The Florida Office of Insurance Regulation has published its annual statutory report (“Report”) on aggregate net probable maximum losses, financing options and potential assessments of the Florida Hurricane Catastrophe Fund (“FHCF”) and Citizens Property Insurance Corporation (“Citizens”).  According to the …

  The Florida Office of Insurance Regulation (“OIR”) recently released its 2010 Annual Report.  Along with information on the OIR’s 2010 legislative achievements and technology initiatives, this statutory report contains financial data and activities of insurers authorized to transact business …

  Represented by Property and Casualty Deputy Commissioner Robin Westcott, Property and Casualty Product Review Deputy Director Michael Milnes, Actuary Bob Lee, General Counsel Belinda Miller and Assistant General Counsel Rhoda Johnson, the Florida Office of Insurance Regulation (“OIR”), conducted …

  The Florida Office of Insurance Regulation has scheduled a rate hearing for State Farm Florida Insurance Company on February 15, 2011, during which the insurer’s requested average statewide rate increases of 27.9 percent and 95.7 percent for its homeowners …

  Chaired by Florida Insurance Commissioner Kevin McCarty, the Florida Health Insurance Advisory Board met yesterday, February 1, 2011, to hear updates on the health insurance market and federal healthcare reform.  While it was reported that there have been no …

    The Florida Office of Insurance Regulation (“OIR”) advised today, January 20, 2011, that certain National Association of Insurance Commissioners (“NAIC”) Annual Statement blanks, specifically Schedule F, do not take into account reduced collateral requirements for reinsurance ceded to …

  The Florida Office of Insurance Regulation (“OIR”) has advised that it is conducting an examination of Personal Injury Protection (“PIP”) claims of certain insurers pursuant to Section 624.316, Florida Statutes.  The data call will be opened on January 18, 2011, with …