In keeping with its “strong emphasis on the prompt and equitable payment of property insurance claims, particularly following a disaster,” the Florida Office of Insurance Regulation (“OIR”) has...
Category: Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation announced various staff changes today, March 15, 2011. The referenced positions are outlined in the news release reprinted below. Should you have any questions or...
Limited Apportionment Company Filing Deadline is March 31, 2011; Deadline to Select TICL Coverage is March 1, 2011
March 1, 2011
Insurers seeking limited apportionment company (“LAC”) status for 2011 must petition the Florida Office of Insurance Regulation (“OIR”) within the first 90 days of 2011, meaning by March 31,...
The Florida Office of Insurance Regulation has published its annual statutory report (“Report”) on aggregate net probable maximum losses, financing options and potential assessments of the Florida Hurricane...
Florida Office of Insurance Regulation Releases 2010 Annual Report
February 23, 2011
The Florida Office of Insurance Regulation (“OIR”) recently released its 2010 Annual Report. Along with information on the OIR’s 2010 legislative achievements and technology initiatives, this...
State Farm Rate Increase Request Prompts Questions By Florida Office of Insurance Regulation
February 15, 2011
Represented by Property and Casualty Deputy Commissioner Robin Westcott, Property and Casualty Product Review Deputy Director Michael Milnes, Actuary Bob Lee, General Counsel Belinda Miller and Assistant General...
State Farm Florida Rate Hearing Scheduled for February 15
February 4, 2011
The Florida Office of Insurance Regulation has scheduled a rate hearing for State Farm Florida Insurance Company on February 15, 2011, during which the insurer’s requested average statewide rate increases of 27.9...
Florida Health Insurance Advisory Board Reviews Enrollment, Premium Data; Commissioner McCarty to Return $1 Million Federal Grant
February 2, 2011
Chaired by Florida Insurance Commissioner Kevin McCarty, the Florida Health Insurance Advisory Board met yesterday, February 1, 2011, to hear updates on the health insurance market and federal healthcare reform. ...
Florida Office of Insurance Regulation Offers Schedule F Glitch Fix for Eligible Reduced Collateral Reinsurers to Avoid Penalty
January 20, 2011
The Florida Office of Insurance Regulation (“OIR”) advised today, January 20, 2011, that certain National Association of Insurance Commissioners (“NAIC”) Annual Statement blanks,...
The Florida Office of Insurance Regulation (“OIR”) has advised that it is conducting an examination of Personal Injury Protection (“PIP”) claims of certain insurers pursuant to Section...