News & Updates

Office of Insurance Regulation

Dismissal of AOB Case Leaves Unanswered Questions

Dismissal of AOB Case Leaves Unanswered Questions

The Florida Supreme Court recently decided by a 4-3 vote to dismiss its review of Restoration 1 of Port St. Lucie v. Ark Royal Insurance Company.  Interestingly, the three justices in the minority were Governor DeSantis’ recent appointees. The majority was comprised of four justices who were on the court when it accepted the case. The […]

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Officials Focus on Open Michael Claims

Officials Focus on Open Michael Claims

The Florida Department of Financial Services (DFS) and Office of Insurance Regulation (OIR) encouraged insurers again this week to redouble efforts to resolve Hurricane Michael claims.  Chief Financial Officer Jimmy Patronis asked Insurance Commissioner David Altmaier to update the status of the insurance industry’s Michael response.  Commissioner Altmaier responded that about 15 percent of the […]

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Hurricane Michael Changes Regulatory Focus

Hurricane Michael Changes Regulatory Focus

Hurricane Michael has prompted several changes in the Office of Insurance Regulation’s recent and upcoming schedule.  The OIR’s early focus has been on assisting policyholders in the affected areas.  In addition, the OIR implemented its post-event loss reporting process.  Insurers must report their numbers of claims and estimated loss amounts on a daily basis in […]

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