Fungus Endorsement Outweighs Resulting Loss in Florida State Farm Case
Insurance Regulation News, property insurance, homeowners, policy endorsement, Florida District Court of Appeal
News & Updates
homeowners
OIR Conducts Public Hearing on Citizens Rate Filings
The Florida Office of Insurance Regulation will hold a public hearing on Citizens Property Insurance Corporation’s pending rate filings today in Tallahassee. The hearing begins at 9:00 a.m. in the Senate Office Building. The hearings will allow the Office of Insurance Regulation to publicly discuss and receive comments on the pending filings for Citizens for […]
Public Hearing Scheduled for Proposed Citizens Rate Changes
The Office of Insurance Regulation has scheduled a public hearing for the following pending rate filings submitted by Citizens Property Insurance Corporation. Citizens submits rate filings for all of its programs each year. In connection with the OIR’s review, the OIR holds a public hearing at which Citizens presents information regarding the filings and the […]
Citizens Policies up to $1 Million Remain Eligible in Miami-Dade and Monroe
The Office of Insurance Regulation has determined there is not a “reasonable degree of competition” in Miami-Dade and Monroe Counties for homeowners with dwelling limits exceeding $900,000 or for condominium unit owners with combined dwelling and contents limits over $900,000. As a result, Citizens Property Insurance Corporation will continue to make coverage available to these […]
Office of Insurance Regulation Issues Citizens Rate Order
The Florida Office of Insurance Regulation has issued an order establishing the 2015 rates for Citizens Property Insurance Corporation’s personal lines programs. The statewide average homeowners rate decrease is 3.7%, which is a slightly greater reduction than the 3.4% decrease filed by Citizens. The OIR’s order sets rates for Citizens Homeowners’, Dwelling Fire, Mobile Homeowners and Mobile Homeowners Physical Damage policies. […]
Commentary: It only takes one
hurricane season, property insurance, Atlantic Hurricane Season, homeowners
When being insured is not a choice
property insurance, forced placed insurance, OIR, homeowners, Insurance Regulation
No more fast track review for residential property insurance policies
Kevin McCarty, Office of Insurance Regulation, Florida Legislature, property insurance, insurance rates, homeowners, Insurance Regulation
Insurers push back on Atwater cost complaint
OIR Adopts 2013 Profit and Contingency Factors
The Office of Insurance Regulation has issued an order adopting its profit and contingency factors for 2013. As set forth in the order, the OIR publishes the profit and contingency factors for insurers to use of they are unable to produce credible profit and contingency factors from their own data. The factors for key lines […]