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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 […]
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 […]
Insurance Regulation News, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Kevin McCarty
Office of Insurance Regulation, Insurance Regulation News, Kevin McCarty
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 […]
Kevin McCarty, Insurance Regulation News, Office of Insurance Regulation, Health Care
Insurance Regulation News, workers' compensation, Office of Insurance Regulation, Kevin McCarty
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 […]
Insurance Regulation News, Office of Insurance Regulation, wind mitigation
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 […]
