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The Office of Insurance Regulation has scheduled a public hearing for the following pending rate filings submitted by Citizens Property Insurance Corporation. Citizens submits rate filings for all of its programs each year. In connection with the OIR’s review, the OIR holds a public hearing at which Citizens presents information regarding the filings and the […]
Office of Insurance Regulation, Insurance Regulation News, medical malpractice, Division of Administrative Hearings, The Doctors Co.
The Florida Department of Financial Services has issued guidance to agents regarding unlawful or unauthorized charges. The department advises that it has received an increasing number of inquiries from Florida agents asking if they can charge fees for services ancillary to placing insurance, such as issuing certificates of coverage. The department responds that charging these types […]
Insurance Commissioner Kevin McCarty appeared before the Governor and Cabinet last week to discuss potential standards under which the Office of Insurance Regulation can be objectively reviewed. The Governor and Cabinet have indicated that they want to hear from the agencies they oversee, including the Office of Insurance Regulation, regarding appropriate measurements for their agencies. […]
The Office of Insurance Regulation has provided the following overview is intended to assist the industry in understanding the PPACA filing process and deadlines, as well as, to provide insight into how the Office will allocate resources to meet federal timeframes. PPACA Filing Deadlines According to the final United States Department of Health & Human […]
The Office of Insurance Regulation has issued an order to insurers advising that the Citizens Property Insurance Corporation emergency assessment relating to a 2005 plan year deficit will end effective July 1, 2015. The OIR’s order follows action by the Citizens Property Insurance Corporation Board of Governors relating to the defeasance of bonds issued in […]
The Office of Insurance Regulation announced that David Altmaier will become the Deputy Commissioner for Property & Casualty insurance effective March 9, succeeding Rich Koon who has decided to pursue an opportunity in the private sector. In a release to colleagues within the Office of Insurance Regulation, Commissioner McCarty said: Rich Koon, Deputy Commissioner of […]
Chief Financial Officer Jeff Atwater recently called for an insurance company stress test designed to give consumers confidential that Florida’s residential property insurers are well-managed and will be able to deliver when Florida next experiences a hurricane. Atwater believes the results should be made public and should show the process the insurers, particularly smaller insurers, […]
Citizens Property Insurance Corporation, Kevin McCarty, Office of Insurance Regulation, hurricane season, residential insurance, Insurance Regulation
The OIR released its Report on the review of the Personal Injury Protection (PIP) insurance data call, as required by HB 119, which was passed by the Florida Legislature in 2012. The Report provides data which shows the impact on the insurance market from the reforms passed in this law. Per the Report, the data […]
