News & Updates

Office of Insurance Regulation

Office of Insurance Regulation Releases PML Report

Office of Insurance Regulation Releases PML Report

The Florida Office of Insurance Regulation (OIR) has released its Annual Report of Aggregate Net Probable Maximum Losses, Financing Options and Potential Assessments.  The report describes the potential impact of 50-year, 100-year and 250-year events on the Florida Hurricane Catastrophe Fund (FHCF) and Citizens Property Insurance Corporation (Citizens). Events ranging from a 50-year storm to […]

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Limited Apportionment Company Petition Available

Limited Apportionment Company Petition Available

Citizens Property Insurance Corporation has released the form by which insurers may seek limited apportionment company status for 2011.  In cooperation with the Office of Insurance Regulation, Citizens has informed insurers they must submit their requests to the OIR on or before March 31, 2011.  To qualify as a limited apportionment company, an insurer must […]

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OIR Releases Annual Report

OIR Releases Annual Report

The Florida Office of Insurance Regulation has released its most recent annual report on the state of the Florida insurance market.  The report describes the organizational structure of the Office of Insurance Regulation.  In addition, the report discusses the economic impact of the insurance industry in Florida, stating that the industry accounts for $19.9 billion […]

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OIR Officials Take On New Roles

OIR Officials Take On New Roles

Some familiar names at the Office of Insurance Regulation have moved to new positions.  Belinda Miller, formerly Deputy Insurance Commissioner overseeing the property and casualty area, has been named acting General Counsel.  She moves into this position following the retirement of former General Counsel Steve Parton. Robin Westcott has been named acting Deputy Insurance Commissioner […]

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