Florida Office of Insurance Regulation Publishes 2016 Property Casualty Profit and Contingency Factors

Oct 19, 2017

The Florida Office of Insurance Regulation (“OIR”) published its annual property and casualty profit and contingency factors for 2016 in Informational Memoradum OIR-17-02M issued today, October 19, 2017.

To view the precipitating Order, click here.

To view Informational Memoradum OIR-17-02M, click here.

Pursuant to Rule 69O-170.003, Florida Administrative Code, the OIR annually establishes underwriting profit and contingency factors that may be used in rate filings.   Insurers may use these profit and contingency factors when they are unable to produce credible profit and contingency factors from their own data.

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