Why are 18,000 insurance claims from Hurricane Michael still open?
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Senate Banking and Insurance Committee, David Altmaier, Hurricane Michael claims
News & Updates
Office of Insurance Regulation
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 […]
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 […]
Insurance office foresees difficult road ahead of new assignment of Florida benefits law
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, assignment of benefits, AOB Claims, HB 7065
Property and Casualty Filings Move to IRFS
Office of Insurance Regulation, Travis Miller, Radey, Florida Office of Insurance Regulation, radeylaw, property and casualty, iFile, Insurance Regulation Filing System, IRFS
Florida no-fault auto insurance repeal one hearing away from Senate floor
Office of Insurance Regulation, Florida Legislature, auto insurance, PIP, Insurance Regulation News, Personal Injury Protection, no fault coverage
Solid data backs Citizens Property Insurance push for AOB reform | Opinion
Citizens Property Insurance Corporation, Office of Insurance Regulation, Department of Financial Services, Insurance Regulation News, property insurance, assignment of benefit claims
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, Distracted Driving
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, assignment of benefits, David Altmaier, AOB
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 […]
Michael insurance claims quickly pile up
Office of Insurance Regulation, Insurance Regulation News, property insurance, hurricane claims, Hurricane Michael, property losses