Category: Florida Office of Insurance Regulation
Jun 28, 2012
The Florida Office of Insurance Regulation (“OIR”) announced that it is conducting a public hearing on July 3, 2012 beginning at 9:00 a.m. to review a proposed statewide average rate change of -2.2 percent for Praetorian Insurance Company’s (“Praetorian”) …
Jun 27, 2012
Florida Insurance Commissioner Kevin McCarty issued an Order to American Fidelity Services, LLC (“AFS”) today, June 27, 2012 to cease and desist engaging in the unauthorized and unlicensed business of a home warranty association in the state of Florida. AFS …
Jun 26, 2012
The Florida Office of Insurance Regulation (“OIR”) issued additional information pertaining to pending form filings following an Executive Order released yesterday, June 25, 2012, in which it established “speed-to-market” review of all property and casualty personal lines forms except …
Jun 25, 2012
The Florida Office of Insurance Regulation (“OIR”) issued an Executive Order today, June 25, 2012, in which it established “speed-to-market” review of all property and casualty personal lines forms except workers’ compensation. The certification process will be identical to …
Jun 11, 2012
CORRECTION: The State of Florida has not yet adopted the most recent amendments to the NAIC Insurance Holding Company Model Law and Regulation. Although Florida has not yet adopted the most recent amendments to the National Association of …
Jun 4, 2012
The Florida Office of Insurance Regulation (“OIR”) reported today, June 4, 2012, that Florida was one of the lead states in a settlement agreement between American International Group, Inc. (“AIG”) and its affiliates relating to AIG’s misreporting $2.12 billion …
Jun 1, 2012
A hearing on Cypress Property and Casualty Insurance Company’s (“Cypress”) recent rate increase request was conducted yesterday, May 31, 2012. Officiating on behalf of the Florida Office of Insurance Regulation were Michelle Brewer, Ken Rizenthaler and Stephen Thomas. Cypress …
May 22, 2012
The Florida Office of Insurance Regulation advised today, May 22, 2012 that a technical change has been made to the footer on Page 1 of Form OIR-B1-1802 (also known as the Uniform Mitigation Inspection Verification Form) to reflect the …
May 9, 2012
The Florida Office of Insurance Regulation issued an Informational Memorandum today, May 9, 2012, advising insurers that the Workers’ Compensation Excessive Profits Reporting Form (Form OIR-B1-15) is not required to be filed this year due to changes under CS/HB …
May 4, 2012
Calling the enactment of Personal Injury Protection Insurance Reform Bill CS/CS/HB 119 a “collaborative effort,” Florida Insurance Commissioner Kevin McCarty compiled a retrospective timeline of events and key documents leading up to Florida Governor Rick Scott’s signing of the …