Property insurance measure heads for Gov. Scott
Rick Scott, property insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
News & Updates
Office of Insurance Regulation
Florida House passes sweeping property insurance bill
Florida Legislature, property insurance, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
OIR to Review Life & Annuity Claims Practices
The Florida Office of Insurance Regulation has announced a public hearing at which it will investigate claims settlement practices in the life and annuity industry. The OIR has directed that representatives of two insurers appear in Tallahassee on May 19 to address its concerns, and OIR advises that it continues to examine other insurers. According […]
OIR promotes Partners in Recovery Program
OIR issues informational memorandum OIR-11-02M in late March to promote the Partners in Recovery Program, “a not-for-profit organization whose primary mission is to expedite the payment of property insurance claims following a disaster.” The memo makes the following observations: Partners in Recovery provides year-round insurance disaster preparation and response communications among the Department of Financial […]
Rate increase approved for State Farm
property insurance, Insurance Regulation News, Office of Insurance Regulation
Property insurance overhaul by Legislature aiding insurers or consumers?
property insurance, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
OIR Issues Memorandum on Disaster Response Coordination
The Florida Office of Insurance Regulation has issued an informational memorandum (OIR-11-02M) informing property and casualty insurers of Partners in Recovery, a not-for-profit organization intended to expedite the settlement of property insurance claims. The program coordinates disaster preparation and response communications among the Department of Financial Services (DFS), Office of Insurance Regulation (OIR), emergency management agencies, […]
OIR Announces Personnel Changes
Florida Insurance Commissioner Kevin McCarty has announced announced a series of staff changes at the Florida Office of Insurance Regulation (OIR). Al Willis has been appointed acting Deputy Commissioner for Property & Casualty. Mr. Willis previously was the Director of Life & Health Financial Oversight and has been with OIR since 1987. He earned a bachelor’s degree in […]
Health Bill Allowed to Move Forward; Status in Florida Uncertain
U.S. District Court Judge Roger Vinson has issued a response to the Department of Justice’s most recent motion in the federal healthcare lawsuit. Judge Vinson previously ruled that the federal healthcare law is unconstitutional, but the Department of Justice filed a motion seeking to ensure implementation will continue while it appeals. Vinson criticized the Department of Justice for […]
Commissioner McCarty Identifies Top Five P&C Issues
Florida Insurance Commissioner Kevin McCarty has been discussing the “cost drivers” affecting Florida’s property insurance market since last year’s legislative session. As the 2011 session draws near, Commissioner McCarty continues to identify the key factors affecting property and casualty insurers in Florida. McCarty top five issues include the following: 1. Attracting Capital– Commissioner McCarty points […]