Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) announced today, November 8, 2010, that it has approved Ace Tempest Reinsurance Ltd., Hiscox Insurance Company [Bermuda] Limited and Partner Reinsurance Company Ltd. as authorized reinsurers under Florida’s statutory reduced reinsurance collateral …

    The Florida Office of Insurance Regulation (“OIR”) held a public rate hearing yesterday, October 22, 2010, on a rate filing by First Community Insurance Company (“First Community”). First Community, a subsidiary of Bankers Insurance Group, is requesting a …

  At a Florida Office of Insurance Regulation (“OIR”) public hearing held yesterday, October 5, 2010, National Council on Compensation Insurance (“NCCI”) representatives explained that, after many years of decreasing workers’ compensation insurance rates, Florida has reached its “new, post-reform …

  The Florida Office of Insurance Regulation (“OIR”) released its annual statutory report on the State’s medical malpractice insurance market yesterday, October 4, 2010.  The report features comparative information about Florida’s medical malpractice insurance market in relation to other states.  Financial …

  The National Council on Compensation Insurance (“NCCI”) public rate hearing scheduled for tomorrow, October 5, 2010, at 9:00 a.m. will be Webcast live on The Florida Channel’s “TFC2.”  To access the Webcast, click here.  NCCI has requested an average …

  Effective September 21, 2010, Rule 69O-137.002, entitled “Annual Audited Financial Reports”(also known as the ‘Model Audit Rule’) was revised to improve the Florida Office of Insurance Regulation’s surveillance of insurers’ financial condition, as well as conform the existing Rule …

  The Florida Office of Insurance Regulation (“OIR”) announced today, September 28, 2010, that it has signed a Memorandum of Understanding (“MOU”) with its Mexican counterpart, the Insurance and Surety National Commissioner of the United Mexican States.  The MOU will coordinate regulatory actions affecting insurers …

    Yesterday, September 22, 2010, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on proposed Rule 690-170.0155, entitled “Forms.”  Although the Rule regulates additional forms, the Workshop specifically focused on revisions to Form OIR-B1-1802, also …

The Florida Office of Insurance Regulation (“OIR”) will conduct a Rule Development Workshop tomorrow, September 22, 2010 at 9:30 a.m. to review proposed revisions to the Uniform Mitigation Verification Inspection Form (“Form”).  The Form, which is among those regulated by …

    In advance of a September 22, 2010 Rule Development Workshop on the matter, the Florida Office of Insurance Regulation has released a draft copy of Form OIR-B1-1802, which is used to document inspections for hurricane premium discounts. Also …