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mitigation discount

Updated Mitigation Discount Form Moves Toward Adoption

Updated Mitigation Discount Form Moves Toward Adoption

The Florida Office of Insurance Regulation has proposed an amendment to rule 69O-170.0115 seeking to adopt a new version of form OIR-B1-1802 “Uniform Mitigation Verification Inspection Form.” The “1802 Form,” as it is commonly known, allows insureds to qualify for windstorm premium discounts based on the construction techniques or mitigation features of their homes. The […]

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SB 1672 Makes Minor Adjustments to Citizens

SB 1672 Makes Minor Adjustments to Citizens

As with prior legislative sessions, the 2014 session began with a variety of competing proposals affecting Citizens Property Insurance Corporation, many of which were intended to continue efforts to significantly reduce the size of the residual market. However, by the end of the session, the more ambitious proposals such as allowing surplus lines insurers to […]

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