Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, June 24, 2010, to 12 companies to cease and desist from engaging in the unauthorized transaction of insurance.  To view the Order, click here. These individuals and entities include: Beema-Pakistan Company, LTD., …

  On June 21, 2010, the Florida Office of Insurance Regulation (“OIR”) held a public hearing relating to the proposed reorganization of the Florida Retail Federation Self-Insurers Fund (“Fund”).  Presented at the hearing, the Plan of Reorganization (“Plan”) would initially convert …

  XL Re Ltd has become the first Bermuda company approved by the Florida Office of Insurance Regulation to qualify as an “eligible reinsurer” under the State’s lower reinsurance collateral requirements.   XL Re Ltd is a Bermuda-domiciled subsidiary of XL …

  The Florida Office of Insurance Regulation (“OIR”) announced on June 16, 2010 that the First District Court of Appeal has affirmed the OIR’s right to review non-Florida related records for viatical settlement providers by ruling in favor of the OIR in …

  The Florida Office of Insurance Regulation (“OIR”) held a public rate hearing today, June 1, 2010 on the recent homeowners insurance rate filing by the Hartford Insurance Company of the Midwest (“Hartford”).   To view the agenda, click here. OIR …

The Florida Office of Insurance Regulation (“OIR”) announced today, May 18, 2010, that it has ordered 16 workers’ compensation insurance companies to return a total of more than $9.4 million in profits to their policyholders pursuant to Florida’s excessive profit law. An …

  Demotech, Inc. President Joe Petrelli issued the following statement today, May 13, 2010: “I have been advised that the recent positions that Demotech has taken in specific situations are being interpreted as broad sweeping changes imposing reinsurance requirements.  To …

  In a letter to Florida Governor Charlie Crist today, May 10, 2010, Florida Insurance Commissioner Kevin McCarty reiterated his support for SB 2044, the omnibus property insurance package.     Saying that the bill “strikes an appropriate balance that will …

  In a May 5, 2010 opinion, the Eleventh Circuit Court of Appeals affirmed the Florida Office of Insurance Regulation’s (“OIR’s”) right to review non-Florida-related records of viatical providers. To view the opinion, click here. An OIR news release on …

    The regular business meeting of the Florida Health Insurance Advisory Board (“FHIAB”) on May 4, 2020 in the Orange County Commission Chamber, in Orlando, was devoted entirely to a briefing on the new federal Patient Protection and Affordable …