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Citizens Property Insurance Corporation, Office of Insurance Regulation, Department of Financial Services, Insurance Regulation News, property insurance, assignment of benefit claims
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, assignment of benefits, David Altmaier, AOB
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 […]
Office of Insurance Regulation, Insurance Regulation News, property insurance, hurricane claims, Hurricane Michael, property losses
Office of Insurance Regulation, Insurance Regulation News, AOB Claims, property claims, Hurricane Michael
Office of Insurance Regulation, Insurance Regulation News, hurricane claims, Hurricane Michael, claims data reporting
Office of Insurance Regulation, Insurance Regulation News, OIR, emergency order, Hurricane Michael, rate freeze
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 […]
The Florida Office of Insurance Regulation (OIR) is hosting the next edition of its industry summit on October 24-25 in Tallahassee. The OIR has hosted several similar summits in the past to discuss emerging issues of interest to regulators and the insurance industry. Early versions of the summit concentrated on the form and rate filing […]
Florida’s 4th District Court of Appeal in Restoration 1 of Port St. Lucie v. Ark Royal Insurance Company determined that an insurer may require approval of all insureds and the mortgagee before an assignment of benefits is valid. This ruling differs from a conclusion reached by the 5th DCA last year after the Office of […]
