Security First the Latest in Florida to Announce Home Insurance Rate Cut
HO-3 policy, rate decrease, Florida Office of Insurance Regulation, Homeowner's Insurance, Insurance Regulation News
News & Updates
Florida Office of Insurance Regulation
OIR to Revise Property Claims Litigation Data Call
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 […]
OIR Proposes Updated Market Intelligence Report
The Florida Office of Insurance Regulation (OIR) has proposed revisions to administrative rule 69O-137.009 related to residential insurers’ policy data. The rule will adopt updates to the reporting format, which is set forth in a template identified as OIR-DO-1185. The report is commonly referred to as the Market Intelligence Report— a name adopted when former […]
Another new home insurance company gets Florida permit. This makes 15 since reforms were enacted.
homeowners, Florida Office of Insurance Regulation, property insurer, Insurance Regulation News
New Year Means Legislative Session in Sight
The Florida legislative calendar typically ensures there’s no post-holiday haze as we return to work in the new year. This year’s session begins March 4, 2025, and lasts 60 days. This isn’t as early as some years— the session begins in January in even-numbered years. Still, committee meetings begin before the session starts so the […]
New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans
Hurricane Milton, Hurricane Helene, Florida Office of Insurance Regulation, property insurance, Insurance Regulation News, Florida Legislature, hurricane season, Citizens Property Insurance Corporation
Office of Insurance Regulation Extends Emergency Order Period
The Florida Office of Insurance Regulation has amended its Hurricane Helene emergency order and adopted a new emergency order in response to Hurricane Milton. The orders extend applicable grace periods until December 10, 2024. Hurricane Helene OIR adopted Emergency Order 400385-24 after Hurricane Helene. The order tolled the time period for policyholders in affected counties […]
OIR Adopts Emergency Rule Implementing Premium Tax Discounts
The Florida Office of Insurance Regulation (OIR) has adopted emergency rule 69OER24-1 implementing a law passed at the end of the 2024 session providing premium discounts for residential policyholders. Under the new law, policyholders will receive discounts in amounts equal to the state premium tax and fire marshal assessments. Insurers will recover the discount amounts […]
Changes to Citizens Property Insurance under new Florida law will help with depopulation efforts
property insurance, surplus lines carriers, HB 1503, Florida Office of Insurance Regulation, Depopulation, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Legislature Increases Frequency and Detail of QUASR Reporting
Will the reporting system we’ve known for decades as “QUASR” get a new name? After all, the name is shorthand for the quarterly supplemental reporting requirement by which insurers have provided information, on a quarterly basis and at the county level, about the number of policies they have written, canceled and nonrenewal. However, in the […]