Insurers can now offer reduced levels of roof replacement coverage. What this means to you
property insurance, Florida Cabinet, homeowners, David Altmaier, roof claims, Office of Insurance Regulation, Florida Legislature, Insurance Regulation News
News & Updates
Office of Insurance Regulation
Cabinet meets over Florida’s dysfunctional insurance market and lingering Russian investments
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, property insurance, Florida Cabinet, David Altmaier, roofing claims
No-fault insurance repeal re-emerges
Office of Insurance Regulation, Florida Legislature, auto insurance, PIP, Insurance Regulation News, no fault coverage
Insurers That Assume Insolvents’ Policies Could be Covered by Florida Cat Fund
Insurance Regulation News, Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Legislature, Department of Financial Services, Insurance Regulation
Citizens’ policies jump as Florida lawmakers seek to steer people to private insurers
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, property insurance, homeowners
Residential Property Insurers Face New Reporting Requirement
The new year brings the initial reporting period for a new closed claim reporting obligation applicable to residential property insurers. In the 2021 legislative session, the Florida Legislature adopted SB 76 which, among other things, amends Section 624.424 pertaining to insurers’ annual statements. The new requirement specifies that beginning January 1, 2022, each authorized residential […]
OIR to Adopt Rule Implementing Closed Claim Reporting Requirement
The Florida Office of Insurance Regulation (OIR) recently indicated it anticipates initiating rulemaking by November 1 with respect to the new closed claim reporting requirement in SB 76 (Chapter Law 2021-77). Adopted in the 2021 legislative session, SB 76 added a new subsection (11) to Section 624.424 governing insurers’ submissions of annual statements. The new […]
Is PIP Repeal Dead?
Observers of Florida’s personal auto market are well aware of the legislative debates in recent years over the future of Florida’s no-fault Personal Injury Protection (PIP) insurance laws. Proponents of PIP have pointed to it as a relatively fast, no-fault basis of ensure basic coverage amounts are in place for injuries arising from auto accidents. […]
Injunction Highlights Questions About Property Reform
SB 76 adopted in the 2021 legislation drew a lukewarm reaction, even among some of the lawmakers who supported property insurance reform. One key advocate referred to the bill as accomplishing about 40% of what would be needed to improve Florida’s property insurance market. And that was before part of the law was declared unconstitutional. […]
Auto insurance flexibility bill hits Gov. DeSantis’ desk
Office of Insurance Regulation, Florida Legislature, auto insurance, Governor DeSantis