The 2018 hurricane season begins June 1, and Florida Insurance Commissioner David Altmaier encourages consumers to take action now to secure flood insurance coverage. He says, “Flooding can happen any time of year, but...
Category: Florida Office of Insurance Regulation
Calling it “the first service to independently measure and identify the quality of pretax statutory earnings reported for a calendar year,” Demotech has introduced “SPEQUELLAE.”
Florida Office of Insurance Regulation to Update Annual Audit Financial Reporting Rule
March 8, 2018
The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of...
Florida Office of Insurance Regulation to Update Financial Examination and Market Conduct Reimbursement Expenses Rule
March 8, 2018
The Florida Office of Insurance Regulation is in process of updating reimbursement rates for per diem and other expenses incurred during financial, rate, and market conduct examinations. A Rule Development Workshop has been...
Florida Office of Insurance Regulation to Update Annual Audit Financial Reporting Rule
March 8, 2018
The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of...
Florida insurer financial stability rating service Demotech issued its most recent update on February 9, 2018, in which it advised that reinsurers will also be reviewed during the coming year.
Demotech Outlines 2018 Insurer Rating Review Requirements; Reinsurers To Be Reviewed
February 15, 2018
Florida insurer financial stability rating service Demotech issued its most recent update on February 9, 2018. Prior to the 2018 Hurricane Season, Demotech advised that each carrier it reviews and rates will be asked to...
Florida Office of Insurance Regulation Publishes 2017 Review of Assignment of Benefits Data Call Report
January 24, 2018
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”)...
Florida Office of Insurance Regulation Publishes 2017 Review of Assignment of Benefits Data Call Report
January 12, 2018
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”)...
UPDATED: Proposed Florida Insurer Anti-Fraud Investigation Unit Rule Comment Period Begins Today, January 10, 2018
January 10, 2018
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...