Rule 69J-166.031 relating to Mediation of Residential Property Insurance Claims implementing Florida law that mandates the creation of a property insurance claim resolution procedure as an alternate to “a potentially...
Category: Florida Office of Insurance Regulation
State Farm Withdrawal Hearing Postponed While Discussions With Florida Office of Insurance Regulation Continue
September 25, 2009
In response to a joint motion filed by State Farm Florida and the Florida Office of Insurance Regulation, the Florida Division of Administrative Hearings has rescheduled the October 12 and 13 final hearing regarding State...
Florida Office of Insurance Regulation Signs Information-Sharing Agreement with Bermuda Counterpart
September 24, 2009
The Florida Office of Insurance Regulation (“OIR”) announced today, September 24, that it has signed an information-sharing agreement with its Bermuda counterpart, the Bermuda Monetary Authority, that will serve...
Miami-Based Ascendant to Offer Replacement Coverage for First Commercial Post-Liquidation Policyholders
September 3, 2009
The Florida Department of Financial Services has negotiated a transition plan for the policyholders of First Commercial Insurance Company and First Commercial Transportation and Property Insurance Company after both were...
Mediation of Commercial Property Insurance Claims Rule To Take Effect August 30, 2009
August 28, 2009
A Florida Office of Insurance Regulation (“OIR”) Rule that implements a portion of Florida law mandating the creation of a property insurance claim resolution procedure as an alternate to “a potentially...
Genetic Testing, Prohibition Against Genetic Information Use August 25 Rule Hearing Canceled
August 25, 2009
An August 25, 2009 Hearing scheduled by the Florida Office of Insurance Regulation regarding proposed Rule 69O-156.020, entitled “Prohibition Against Use of Genetic Information and Requests for Genetic Testing”...
Mitigation Forms Revision Workshop Yields Extensive Discussion
August 21, 2009
Proposed revisions to two statutory forms related to insurance credit for property mitigation were reviewed at a two-hour workshop held on August 18, 2009 by the Florida Office of Insurance Regulation (“OIR”). To...
Florida Public Model Access Fee Increase Rule Hearing Report
August 21, 2009
The Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on August 20, 2009 regarding proposed Rule 690-170.0144, entitled “Public Hurricane Loss Projection Model Fee...
Florida Office of Insurance Regulation to Update Reporting Requirements and Financial Condition Examiners Handbook
August 17, 2009
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has scheduled the following hearings regarding proposed Rules for insurer reporting requirements and financial examinations...
Hartford Financial Services Group to Refund $48 Million in Excess Workers’ Comp Profits to Florida Businesses
August 12, 2009
The Florida Office of Insurance Regulation announced today, August 12, 2009, that it has entered into a consent agreement with the Hartford Financial Services Group to effect the insurer’s issuance of refunds...