At long last, PIP reform in Florida
Insurance Regulation News, PIP, Florida Legislature, Office of Insurance Regulation
News & Updates
Office of Insurance Regulation
OIR to Hold Filing Conference
The Office of Insurance Regulation has announced it will hold a filing conference titled, “Successful Strategies for Business Development” on June 14, 2012. In past years, the OIR has held similar conferences relating to its form and rate filing processes, requirements and reviews. Details about the conference are being developed and are expected soon. Registration […]
Citizens Assessment Mechanism to be Revised
The legislature passed a bill in the recently concluded 2012 session changing the way Citizens will recover deficits through assessments. The bill was unique in that it enjoyed broad support from the Office of Insurance Regulation, the Insurance Consumer Advocate, Citizens Property Insurance Corporation and the insurance industry. Despite this support, the proposal was in […]
Citizens Assessment Revision in Hands of Senate
The Florida House of Representatives has advanced HB 1127 by a vote of 89-25, sending it to the Senate for consideration. This is the bill that would decrease the reliance of Citizens Property Insurance Corporation on regular assessments, shifting instead to more of an emergency assessment-based approach. This is a rare bill in which Citizens, […]
Lawmakers disagree if Florida’s economy is stormproof
Office of Insurance Regulation, property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund
House Committee to Consider Bill to Help Market
The House insurance and banking subcommittee today considers a bill (HB 1127) that has broad support and would be one component of restoring private sector interest in the Florida property insurance market. The bill would reduce Citizens Property Insurance Corporation’s reliance on so-called regular assessments in favor of emergency assessments. The difference, of course, is […]
Health and Human Services Not Budging on Medical Loss Ratio
The U.S. Department of Health and Human Services has informed the Florida Office of Insurance Regulation that it will not reverse its decison to impose a medical loss ratio requirement of 80% on health insurers. The Florida Office of Insurance Regulation has been concerned for many months that imposing this medical loss ratio will be damaging […]
Committee OKs bill to whack doctors fees
Kevin McCarty, Insurance Regulation News, workers' compensation, Florida Legislature, Office of Insurance Regulation
Report: Florida workers’ comp market ‘competitive’
Insurance Regulation News, workers' compensation, Office of Insurance Regulation
Bill: Florida would join national insurance compact
Interstate Insurance Product Regulation Compact, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation