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