Bad news for Florida property owners: Insurance rates aren’t likely to fall soon
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Governor DeSantis, Michael Yaworsky
News & Updates
Florida Legislature
OIR Issues Claims Manual Emergency Rule
The Florida Office of Insurance Regulation (OIR) has issued emergency rule 69O-ER-23-2 adopting forms to be used by residential property insurers certifying and submitting claims manuals. The Florida legislature specified in SB 7052 (now Chapter Law 2023-172) that residential property insurers must annually certify they maintain claims manuals meeting certain statutory standards. Insurers also must […]
New Florida law adds guardrails to lender-placed property insurance
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, collateral protection, Senate Bill 2-A, Governor Ron
Florida Gov. Signs One Last Bill, Allowing Higher Deductibles, More Storm Models
Florida Legislature, Florida Commission on Hurricane Loss Projection Methodology, Insurance Regulation News, hurricane deductibles, Governor Ron DeSantis, hurricane models, windstorm coverage
Viewpoint: Impact of Florida Tort-Reform Bill Becomes Clear, But Litigation Expected
Florida Legislature, tort reform, HB 837, Insurance Regulation
Law Changes to Bring Insurance Rules
The Florida Legislature increased regulatory oversight over the insurance industry in its insurer accountability bill (SB 7052) as summarized separately in this report. The law changes will require the Office of Insurance Regulation to adopt a series of administrative rules. In several cases, the rulemaking process should result in rule workshops this summer as the […]
Insurer Accountability Bill Increases Regulatory Requirements
The 2023 Florida Legislature passed SB 7052, commonly referred to as the insurer accountability bill. The bill came as a surprise to some after the legislature adopted meaningful property insurance reforms in a December 2022 special session and enhanced those reforms earlier in the 2023 session. Some observers commented that SB 7052 will reduce the […]
How will Florida’s latest insurance reforms impact P&C insurers?
Florida Legislature, Insurance Regulation News, property insurance, tort reform, Governor Ron DeSantis
‘We’ve only just begun’: Paul Renner says changes are coming to tort reform bill
Florida Legislature, Insurance Regulation News, tort reform, one-way attorneys' fees, HB 837, Insurance Regulation
Miami-Dade lawmakers file bills adding guardrails to lender-placed property insurance
Florida Legislature, Insurance Regulation News, property insurance, Homeowner's Insurance, lender-placed, Florida Office of Insurance Regulation