Category: Insurance Regulatory News

  The Florida Office of Insurance Regulation (“OIR”) submitted its five-year Long Range Program Plan to Governor Rick Scott’s Office and the Appropriations Committees of both the Florida House and Senate this past Friday, September 30, 2016. The OIR is …

  Florida Supreme Court Rules in Ocala Sinkhole Case The Florida Supreme Court ruled in favor of an Ocala Woman in an Opinion filed Thursday. Her Case asked the High Court to consider whether she or her Insurance Company should …

  The Florida Office of Insurance Regulation (“OIR”) advised today, September 30, 2016, that it has issued an Order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation (“Citizens”).  The effective date for both new and renewal rates within the …

  Justices Say Insurer Required To Foot Legal Fees The Florida Supreme Court on Thursday said a Property Insurer must pay the Attorneys’ Fees of a Homeowner who successfully challenged the Company’s contention that her home was not damaged by a sinkhole.  THE …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) published its 2017 Personal Lines and Commercial Lines Calendars today, September 29, 2017, noting that special attention should be paid to the new assumption schedule for each line of business. Personal Lines assumptions …

  Hermine Damage Leads to Federal Disaster Declaration for Florida Florida has received a Federal Disaster Declaration because of damage from Hurricane Hermine. This gives Businesses and Homeowners access to Federal Assistance to recover from the storm.  SunshineStateNews.com reports.   …

  At its meeting today, September 28, 2016, Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) approved a series of changes to Citizens’ depopulation program that are intended to simplify the takeout process and further improve customer involvement. …

  Insurer Citizens Expects 65,000 Customers to Leave By End of 2016 Florida’s State-Run Insurer expects 65,000 of its Customers will switch to Private Competitors by the end of 2016, a major slowdown compared to the exodus of the past two years.  The …

  After its review of the workers’ compensation insurance rate filing submitted by the National Council on Compensation Insurance (“NCCI”) and consideration of hundreds of public comments and testimony received from interested stakeholders, the Florida Office of Insurance Regulation (“OIR”) …

  Comments on the Florida Hurricane Catastrophe Fund’s proposed 2017-2018 Reimbursement Contract will be accepted until October 21, 2016.   The corresponding Rule, 19-8.010, is in process of being amended by Florida’s State Board of Administration to implement Section 215.555, F.S.  …