Category: Insurance Regulatory News

The downsizing of Citizens Property Insurance Corporation (“Citizens”) was credited as having greatly contributed to the State of Florida’s dramatically improved insurance regulatory environment rating by the R Street Institute in its “2017 Insurance Regulation Report Card” published yesterday, January …

Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms In its most recent Data call of Water or Roof Damage Homeowners Claims closed between Jan. 1, 2015 and June 30, 2017 released last week, OIR found the frequency of Water Claims …

House Select Committee on Hurricanes Approves Final Report, 78 Recommendations A Final Report of 78 Recommendations, ranging from Nursing Home Safety to Evacuation Route Improvements, and Shelter Planning to longterm development concerns, won unanimous Approval Tuesday from the Florida House’s …

After the Florida House of Representatives passed HB 7015 relating to Property Insurance Assignment Agreements by a vote of 82 to 20 today, January 12, 2018, the Florida Office of Insurance Regulation (“OIR”) announced its publication of the “2017 Review …

Written comments on the drafts of a Form F and Own Risk and Solvency Assessment (“ORSA”) comparison chart, and a Form F Implementation Guide are due by the close of business today, January 12, 2018, the National Association of Insurance …

Sean Shaw Expected to Announce for Attorney General If he enters the Race, Shaw will be the fourth Candidate in the crowded field from Hillsborough County.  The Tampa Bay Times’ William March reports. Three Sailboats Flung Into Yard by Irma …

FIRM expands appeal on insurance rate increase They are requesting that rates be rolled back to at least 2016 levels, KeysNews.com’s Timothy O’Hara reports. Lawmakers look to get rid of Florida’s no-fault auto insurance law Sponsors say bodily injury coverage …

UPDATED:  Please note the proposed Rule markup added below. Requirements for insurers to establish and maintain anti-fraud investigation units will be the subject of a Florida Division of Investigative and Forensic Services Rule Hearing on February 5, 2018 if is …

UPDATED:  Please note the proposed Rule markup added below. Requirements for insurers to establish and maintain anti-fraud investigation units will be the subject of a Florida Division of Investigative and Forensic Services Rule Hearing on February 5, 2018 if is …

  UPDATED:  Please note the proposed Rule markup added below. Requirements for insurers to establish and maintain anti-fraud investigation units will be the subject of a Florida Division of Investigative and Forensic Services Rule Hearing on February 5, 2018 if …