News & Updates

nonrenewal

OIR Emergency Order Extends Deadlines in Panhandle

OIR Emergency Order Extends Deadlines in Panhandle

The Florida Office of Insurance Regulation has issued an Emergency Order applicable to Florida’s Panhandle and Big Bend regions.  The order requires insurers to rescind recently issued cancellation and nonrenewal notices and to extend policyholders’ deadlines.  It is similar to one issued last year following Hurricane Irma, although this year’s order covers a narrower area light of Hurricane […]

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OIR Issues Emergency Order

OIR Issues Emergency Order

The Florida Office of Insurance Regulation has issued an emergency order in the wake of Hurricane Irma.  The order broadly applies to the insurance industry in Florida and is not limited to property insurers.  At a high level, the order extends time periods that otherwise would apply for up to 90 days following Hurricane Irma.  […]

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State Keeps Eye on Erika

State Keeps Eye on Erika

Floridians received some good news Saturday morning as Erika began to dissipate.  Even so, storm paths and storm strengths can be difficult to predict, so many us will keep watching the Weather Channel this weekend. It’s hard to believe that ten years have passed since Florida saw the unprecedented series of hurricanes in 2004 and […]

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July Marks Effective Date for Statutory Changes

July Marks Effective Date for Statutory Changes

Bills passed by the Florida legislature specify when their provisions take effect, either upon the bills’ becoming law or upon a specific date.  For insurance-related legislation, the legislature often establishes July 1 as the effective date.  This is the case with several bills passed during 2015.  Insurers therefore should consider the impact of 2015 legislation […]

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Omnibus Bill (HB 165) Signed Into Law

Omnibus Bill (HB 165) Signed Into Law

In the 2015 session, House Bill 165 became the vehicle that carried a variety of changes to the Florida Insurance Code.   The bill passed both chambers of the legislature and now has been signed into law.  Key provisions of the bill take effect July 1.  Among its provisions, the new law: Eliminates the requirement for insurers […]

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Bill Would Simplify Residential Notice Requirement

Bill Would Simplify Residential Notice Requirement

House Bill 165 has passed both chambers of the legislature and will be presented to Governor Scott.  The bill addresses a variety of topics related mainly to property and casualty insurance.  Among these provisions, the bill would simplify the notice requirement applicable to residential property and casualty insurance.  The bill establishes a uniform 120-day period […]

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Florida Legislative Session Underway Today

Florida Legislative Session Underway Today

The 60-day Florida legislative session kicks off today.  As always, the legislature will hear a number of bills related to property and casualty insurance as well as life and health insurance.  Legislative committees already have been meeting and considering bills for the current session.  In the property and casualty arena, the legislature may consider bills […]

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Citizens Reduces Blackout Window

Citizens Reduces Blackout Window

Citizens Property Insurance Corporation is implementing a reduced blackout window for insurer assumptions.  The blackout window recognizes that Citizens must process and mail nonrenewal notices in connection with the assumptions, so insurers can choose only those policies with expiration dates far enough in the future to allow proper notice. Senate Bill 408 allows Citizens to reduce […]

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P&C Product Review Discusses Top Filing Mistakes

P&C Product Review Discusses Top Filing Mistakes

The Florida Office of Insurance Regulation’s property and casualty product review section discussed the most common filing mistakes at the OIR’s recent business development conference.  The current backlog of property and casualty form filings is a concern of both the OIR and the industry, and the OIR hopes that identifying common filing mistakes can play […]

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