Cecil Pearce: Private reinsurance not Florida’s real challenge
Kevin McCarty, Office of Insurance Regulation, Florida Hurricane Catastrophe Fund, Insurance Regulation News
News & Updates
Office of Insurance Regulation
We need the greatest minds to solve this insurance problem
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News
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
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News, Health Care
Workers comp rates going up 7.8 percent
Kevin McCarty, Office of Insurance Regulation, workers' compensation, Insurance Regulation News
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 […]
Florida rethinks wind mitigation inspections
wind mitigation, Office of Insurance Regulation, Insurance Regulation News
OIR Approves Additional Citizens Rates
The Florida Office of Insurance Regulation has released a second Order establishing rates for additional product lines at Citizens Property Insurance Corporation. The Office of Insurance Regulation previously issued another order establishing Citizens’ homeowners insurance rates. The most recent Order sets Citizens’ dwelling fire rates at a 10.4% statewide average increase, which is slightly more […]
Another good year for medical malpractice insurers
Office of Insurance Regulation, Insurance Regulation News, medical malpractice insurance
OIR Releases Medical Malpractice Report
The Florida Office of Insurance Regulation has released its 2010 annual report on the medical malpractice insurance industry. The Florida legislature requires the OIR to publish this report of medical malpractice financial data each year. The OIR observes in the report that insurers achieved a return on surplus of 6.6% in 2009, marking their sixth […]