Credit for Reinsurance
Travis Miller discusses proposed changes to the Office of Insurance Regulation’s rule on credit for reinsurance.
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Travis Miller discusses proposed changes to the Office of Insurance Regulation’s rule on credit for reinsurance.
The Office of Insurance Regulation has followed up on a 2014 rule development workshop by now proposing two rules related to credit for reinsurance. Proposed rule 69O-144.005 “Credit for Reinsurance” and proposed rule 69O-144.007 “Credit for Reinsurance from Certified Reinsurers” will provide guidance to reinsurers seeking to maintain reduced collateral and to domestic ceding insurers. […]
PIP, auto insurance, Kevin McCarty, Office of Insurance Regulation, Florida Legislature
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation
The Office of Insurance Regulation has released its 2014 annual report on the state of the Florida workers’ compensation insurance market. The report concludes that the market currently is competitive, well-capitalized, and robust. The report points out that six of the 10 largest workers’ compensation insurers in Florida are Florida-domiciled, up from four in the […]
The Office of Insurance Regulation has determined there is not a “reasonable degree of competition” in Miami-Dade and Monroe Counties for homeowners with dwelling limits exceeding $900,000 or for condominium unit owners with combined dwelling and contents limits over $900,000. As a result, Citizens Property Insurance Corporation will continue to make coverage available to these […]
Office of Insurance Regulation, Kevin McCarty, workers' compensation
As 2014 comes to a close, several of the issues that commanded considerable attention during the year reached their resolution and set the framework for 2015 ahead. When we all return from the holidays, the legislative committee weeks will be upon us and the 2015 legislative session will begin before we know it. However, before […]
Office of Insurance Regulation, hurricane season, property insurance, Insurance Regulation
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, CAT Fund, Insurance Regulation