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The Florida Office of Insurance Regulation has proposed revisions to rule 69O-171.011, now referred to as the Property Claims Lifecycle Data Call. OIR intends to adopt the changes effective January 1, 2026. The updated form adopts reporting fields for information such as the firm of a plaintiff’s attorney, the jurisdiction of each case filed, and […]
property insurance, Florida property insurance market, Insurance Regulation News, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation
Governor Ron DeSantis continues to support the property insurance reforms adopted in late 2022. This is not surprising considering that following the reforms existing insurers have increased their appetites for additional policies, rate levels have moderated and started to decline, approximately 14 new companies have entered the market, and Citizens Property Insurance Corporation has seen […]
Insurance Regulation News, Citizens Property Insurance Corporation, Florida Chamber of Commerce, property insurance companies, Florida property market, Michael Yaworsky, SB 2A, insurance commissioner
Florida property market, property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Florida Hurricane Catastrophe Fund, Florida hurricane season, Insurance Regulation News, reinsurance, Citizens Property Insurance Corporation
The Florida House of Representatives has passed a bill seeking to unwind key provisions of the 2022 insurance reforms that have led to recent improvements in the market. The House amended Senate Bill 832 to include a so-called “prevailing party” attorneys’ fee provision despite clear statements from the Office of Insurance Regulation, the Governor and […]
In an opinion piece in Florida Politics this week, former state Senator Garrett Richter identified Florida’s 2022 statutory reforms as the critical foundation of Florida’s improving property insurance market. He noted that from 2017 to 2022, Florida’s property insurance market devolved into one of the worst in the country. More than a dozen insurers became […]
property coverage, Michael Yaworsky, property insurance claims, wind-only, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
