The Florida Office of Insurance Regulation will hold a public hearing tomorrow, October 4, 2012, to discuss the National Council on Compensation Insurance’s proposed rate increase for its workers’...
Category: Florida Office of Insurance Regulation
Florida Office of Insurance Regulation Receives Over 100 Auto Insurer Rate Filings Reflecting Personal Injury Protection Reform Savings
October 1, 2012
The Florida Office of Insurance Regulation (“OIR”) reported today, October 1, 2012, that it has received over 100 filings by auto insurers operating in Florida pursuant to HB 119. Enacted in 2012, the...
Several Florida chiropractors, two massage therapists and an acupuncturist have filed a lawsuit against Florida Insurance Commissioner Kevin McCarty in his capacity as commissioner of the Florida Office of...
Insurance Information Institute Reminds Florida Auto Insurers of October 1 Deadline to Submit Filing Showing At Least 10 Percent Rate Reduction–Or Documentation Why Not
September 28, 2012
The Insurance Information Institute (“III”) advised today, September 28, 2012, that prior to substantive Personal Injury Protection Insurance (“PIP”) reforms effective January 1, 2013,...
Florida Office of Insurance Regulation Approves 60,000 Additional Policies for Citizens Property Insurance November 2012 Take-Out
September 24, 2012
The Florida Office of Insurance Regulation (“OIR”) advised today, September 24, 2012, that it has approved the removal of an additional 60,000 policies from Citizens Property Insurance Corporation...
Florida Office of Insurance Regulation: Consumers With Smartphones Can Now Use NAIC Home Inventory, Damage Claim Apps
September 13, 2012
The Florida Office of Insurance Regulation is encouraging consumers with Smartphone technology to take advantage of two new mobile applications created by the National Association of Insurance Commissioners (NAIC). The first...
Repeal of Rule 69O-170.012 relating to Sinkhole Insurance to get Final Public Hearing at October 23, 2012 Florida Cabinet Meeting
September 10, 2012
During its October 23, 2012 meeting, the Florida Cabinet will hold a Final Public Hearing to adopt the repeal of Rule 69O-170.012 relating to Sinkhole Insurance. According to the Florida Office of Insurance Regulation,...
Florida Office of Insurance Regulation Issues Updated Underwriting Profit and Contingency Factors
August 31, 2012
In an Order to all property and casualty insurance carriers from Florida Insurance Commissioner Kevin McCarty issued yesterday, August 30, 2012, the Florida Office of Insurance Regulation updated underwriting profit...
Florida Office of Insurance Regulation Issues Informational Memorandum on Deductibles Applicable to Tropical Storm/Hurricane Isaac Losses
August 30, 2012
The Florida Office of Insurance Regulation has issued an Informational Memorandum notifying residential property insurers that under Florida law, the hurricane deductible is not applicable to Tropical Storm/Hurricane...
Florida Office of Insurance Regulation Receives National Council on Compensation Insurance (NCCI) Proposed Rate Increase of 6.1 Percent
August 23, 2012
The Florida Office of Insurance Regulation (“OIR”) announced today, August 23, 2012, that it has received the annual filing for workers’ compensation insurance rates in Florida from the National...