Florida regulators approve new lower-priced form of title insurance
title insurance, radey thomas yon & clark, Insurance Regulation News, Office of Insurance Regulation
News & Updates
Office of Insurance Regulation
FIGA Assessment Payable by December 31
At the recommendation of the Florida Insurance Guaranty Association (FIGA), the Office of Insurance Regulation has issued an order levying an assessment of 0.9% of net direct written premiums for FIGA’s “All Other” account. This account encompasses most lines of property and casualty insurance other than auto and workers’ compensation. For example, it includes fire, […]
OIR Offers Resource for Life and Health Product Filings
The Florida Office of Insurance Regulation (Office) has unveiled a new resource for allowing interested persons to provide input on life and health insurance form and rate filings. “Hearing the opinions of Florida’s consumers about proposed changes to their insurance is considered a top priority of the Office. This feature presents a suitable forum for those opinions […]
McDermott to Lead Life and Health Product Review
The Office of Insurance Regulation has named Jack McDermott its new Director of Life & Health Product Review. He succeeds Suzetta Furlong, who is leaving OIR to take a position with the Division of State Group Insurance at the Department of Management Services. McDermott has held several roles at the OIR, most recently serving as […]
OIR Releases Informational Memorandum on PIP Fee Schedule
The Office of Insurance Regulation (OIR) has released Informational Memorandum OIR-12-06M to all insurers writing motor vehicle insurance in Florida. The memorandum inteprets a provision of HB 119 on PIP reform providing that the applicable fee schedule is the Medicare fee schedule in effect on March 1 of the year in which services are rendered […]
Insurance industry to Florida: Don’t sweat Sandy
Insurance Regulation News, property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Office of Insurance Regulation
Florida Insurance Commissioner Offers Aid to Sandy-Impacted States
Kevin McCarty, Hurricane Sandy, property insurance, Insurance Regulation News, hurricane season, Office of Insurance Regulation
Florida OKs 6.1% Workers’ Compensation Rate Hike
NCCI, Insurance Regulation News, workers' compensation, Office of Insurance Regulation, Kevin McCarty
AIG will pay $300M to settle life-insurance probe
Kevin McCarty, Life Insurance, Insurance Regulation News, Office of Insurance Regulation
Office of Insurance Regulation Establishes Commercial Rates for Citizens
The Florida Office of Insurance Regulation has established the commercial rates for 2013 for Citizens Property Insurance Corporation. The OIR’s action follows recent orders relating to Citizens’ personal residential product lines. Under the OIR’s order on Citizens’ commercial rates, it approved a 9.9% average increase for condominium association policies, as compared to the 11% increased […]