Category: Florida Office of Insurance Regulation

  On Tuesday, October 9, 2007, the Office of Insurance Regulation (“OIR”) held a rate hearing in Tallahassee, Florida, for Companion Property and Casualty Insurance Company, Inc. (“Companion”).  Mike Milnes, OIR Deputy Director of Property and Casualty Product Development, presided …

Florida’s Chief Financial Officer, Alex Sink, today held a press conference at which she announced her plan to reform the Florida Hurricane Catastrophe Fund (“FHCF”) by moving its management to be under the oversight of the Governor and Cabinet.  The plan would …

On Monday, October 8, 2007, this office attended a public hearing held by the Florida Office of Insurance Regulation (“OIR”) regarding the National Council on Compensation Insurance (“NCCI”) Workers’ Compensation Insurance Rate Filing.  Both supporting and opposing public testimony was …

The Florida Office of Insurance Regulation (“OIR”) has announced that it is denying USAA’s rate increase filing, and is accordingly cancelling the public rate hearing scheduled for Tuesday, October 9, 2007 at 10 a.m. Below please find a copy of …

The Florida Office of Insurance Regulation, in collaboration with the Office of the Attorney General today announced that it has reached an agreement with State Farm Florida to reduce rates by an additional two percent for Florida policyholders.  The press release …

The Florida Office of Insurance Regulation (“OIR”) has released an announcement regarding a settlement reached with Coventry First, a viatical provider, regarding its business practices in Florida. To read previously-issued information from the OIR regarding the Coventry matter, click here. Should …

The Florida Office of Insurance Regulation has released its annual report on the state’s medical malpractice insurance market, detailed in the press release issued below. To read news coverage on the report, click here. Should you have any questions or comments, please …

On August 30, 2007, the Office of Insurance Regulation (“OIR”) issued an Informational Memorandum, where it informed the insurance industry as to its expectations regarding Catastrophic Event Data Reporting (“CEDRA”) in the event of a storm during or after the …

On Tuesday, September 18, 2007, this office attended a public rate hearing for Cincinnati Insurance and Cincinnati Indemnity Companies (“Cincinnati”) in Tallahassee, Florida.  Representatives that were present from the Florida Office of Insurance Regulation (“OIR”) included Belinda Miller, Deputy Commissioner; …

The following information was released today by the Florida Office of Insurance Regulation: TALLAHASSEE, Fla. (09/17/2007) – The Florida Office of Insurance Regulation (Office) will conduct a public hearing on rate filings submitted by The Cincinnati Insurance Company and The …