Florida Attracts 3 More Foreign Reinsurers Under Lower Collateral Rule
reinsurers, Insurance Regulation News, Office of Insurance Regulation
News & Updates
Office of Insurance Regulation
Sinkhole concerns keep condo residents from homes
sinkholes, Insurance Regulation News, Office of Insurance Regulation
Cabinet Races Decided; Governor’s Race Close
At least three-fourths of the next Financial Services Commission is known, as the races for Chief Financial Officer, Attorney General and Commissioner of Agriculture went to the Republican candidates. The fourth member of the Financial Services Commission– the Governor, remains to be determined although Republican Rick Scott continues to lead the tight race by a […]
Workshop to Address Workers’ Comp Excess Profits Rule
The Office of Insurance Regulation has announced a workshop for November 17, 2010, to discuss proposed changes to administrative rule 69O-189.007 relating to to workers’ compensation excess profits reporting. The notable changes are not to the administrative rule itself, but to the OIR-B1-15 reporting form it incorporates by reference. Revised instructions to the reporting form would […]
Cecil Pearce: Private reinsurance not Florida’s real challenge
Insurance Regulation News, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Kevin McCarty
We need the greatest minds to solve this insurance problem
Insurance Regulation News, Office of Insurance Regulation, Kevin McCarty
OIR Hosts Property Insurance Symposium
At the end of the recent NAIC conference in Orlando, the Office of Insurance Regulation held a symposium on the state of Florida’s property insurance market. The session recapped many of the known concerns about the current market, including the role of sinkholes, re-opened hurricane claims, and public adjusters in driving up insurers losses and […]
Florida’s Incoming House Speaker Wants Health Care Data
Office of Insurance Regulation, Kevin McCarty, Insurance Regulation News, Health Care
Workers comp rates going up 7.8 percent
Insurance Regulation News, workers' compensation, Office of Insurance Regulation, Kevin McCarty
OIR Finds 7.8% Workers’ Compensation Rate Change Justified
The Florida Office of Insurance Regulation has issued an Order on Rate Filing to the National Council on Compensation Insurance (NCCI) arising from its recent 8.3% rate request. The OIR did not find the full 8.3% to be justified, but does believe a 7.8% change is appropriate. NCCI selected an indemnity trend factor within the […]