Ruling against health reforms leaves state, consumers, industry confused over requirements, benefits
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News, Rick Scott, Health Care
News & Updates
Office of Insurance Regulation
Florida’s sinkhole shakedown: Insurers’ new pitfall
Office of Insurance Regulation, Insurance Regulation News, sinkholes
State Farm wants to raise average rates by 28 percent
Office of Insurance Regulation, Insurance Regulation News, property insurance
Office of Insurance Regulation Addresses Reinsurance Reporting
The Office of Insurance Regulation has issued a letter to insurers providing guidance on annual statement reporting for reinsurance contracts with reinsurers subject to reduced collateral requirements. The OIR has adopted an administrative rule allowing insurers to take credit for reinsurance with certain highly-rated reinsurers even when those reinsurers do not meet the full collateralization […]
Florida court rejects appeal from Texas insurer
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News
Legal battles over tiny sums may be costing you big bucks
PIP, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
OIR Releases 2010 Annual Report for Workers’ Compensation
The Florida Office of Insurance Regulation has released its 2010 annual report on the workers’ compensation insurance industry in Florida. The report reviews the availability and affordability of workers’ compensation insurance coverage in Florida to assess the current state of the market. The report finds that the Florida market is competitive, as evidenced by a large number of insurers writing […]
Sinkhole study released
Office of Insurance Regulation, Insurance Regulation News, sinkholes
Office of Insurance Approves Lower Collateral Requirements for RenRe
The Florida Office of Insurance Regulation has entered into a Consent Order with Renaissance Reinsurance Ltd. approving it as an eligible reinsurer and allowing it to transaction property catastrophe reinsurance in Florida with reduced collateral requirements. OIR approved the modified collateral requirements for RenRe in part because the reinsurer has almost $1.5 billion in statutory […]