Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) released its annual report on workers’ compensation today, January 5, 2011.  The statutory report contains an analysis of the availability and affordability of workers’ compensation coverage in Florida.  The conclusion is that …

The Florida Office of Insurance Regulation (“OIR”) announced today, December 30, 2010, that Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s insurance marketplace with modified collateral requirements.  An OIR news release on the approval is reprinted below. …

The Florida Office of Insurance Regulation (“OIR”) is in process of drafting its statutory Personal Injury Protection (“PIP”) Data Call, a copy of which is attached for review.   Florida Property and Casualty Association members are asked to review this draft and …

  The Florida Office of Insurance Regulation (“OIR”) held a public rate hearing yesterday, December 7, 2010, on First Home Insurance Company’s (“First Home”) requested homeowners policy rate increases filings.  To view the meeting agenda, click here. According to the OIR, …

  The Florida Office of Insurance Regulation “2010 Fast Facts” report issued today, November 28, 2010, indicates that the State of Florida ranks 15th in comparison with the amount of insurance premium generated by nations as large as the United …

  Florida Insurance Commissioner Kevin McCarty will chair a new task force established by the National Association of Insurance Commissioners (“NAIC”) to address potential adverse impacts on the role of licensed health insurance agents and brokers resulting from the new …

  In response to several agent complaints relating to the broad nature of Florida’s unfair trade practices statutes, the Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services recently held an additional public hearing Rule on proposed …

  Yesterday, November 17, 2010, the Florida Office of Insurance Regulation (“OIR”), held a Rule Development Workshop on proposed Rule 69O-189.007, entitled “Insurer Experience Reporting- Excessive Profits, Workers’ Compensation Insurance.”  OIR Actuary Jim Watford and OIR Attorney Bob Prentiss presided …

    INSURERS CANNOT CHALLENGE ADMINISTRATIVE RULES CONCERNING RATE FILING ARBITRATION BECAUSE STATUTE AUTHORIZING ARBITRATION NO LONGER EXISTS   In an opinion filed yesterday, the First District Court of Appeal overruled an administrative law judge’s decision that Florida Administrative Code …

    During his report to the Florida Cabinet at its meeting this morning, November 9, 2010, Florida Insurance Commissioner Kevin McCarty reviewed the newly released Florida Office of Insurance Regulation Sinkhole Report (“Report”), which is based on data collected …