News & Updates
Office of Insurance Regulation
Insurance rate hike may hurt, but it’s honest
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News
Consumer advocate: Reject property insurance rate-hike requests
Office of Insurance Regulation, Insurance Regulation News, Insurance Consumer Advocate
OIR Discusses Confidentiality of Administrative Supervision
Insurance Commissioner Kevin McCarty has written a letter to The Heartland Institute responding to recent suggestions that the Office of Insurance Regulation should have made information about Northern Capital Insurance Company available to the public sooner than it did. Northern Capital was subject to administrative supervision by the Office of Insurance Regulation, but the company’s financial […]
Allstate companies propose home insurance rate hikes
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News
Florida insurance regulators: state’s catastrophic risk overblown
Office of Insurance Regulation, Florida Hurricane Catastrophe Fund, Insurance Regulation News
Reduced Regulation for Florida Service Contracts
The Governor’s recent approval of SB 2176 might be best known for its provisions streamlining commercial insurance rate filings, or perhaps for its “Safeguard or Seniors” annuity provisions that have been championed by Chief Financial Officer Alex Sink. However, for Florida’s service agreement industry, the most significant changes appear in a series of amendments to […]
Crist vetoes insurance bill; Atwater blasts governor saying he “mischaracterized” bill
Citizens Property Insurance Corporation, Office of Insurance Regulation, Governor Charlie Crist, SB 2044
Governor Kills “Cost Drivers” Bill
Senate Bill 2044 became the primary property insurance bill during the 2010 legislative session, particularly for issues relating to residential insurance. The bill reflected input from a variety of interested parties, including the Office of Insurance Regulation, the insurance industry, the trial bar, and public adjusters. Although a number of parties commented after the session […]
Commercial Rate Filing Revisions Approved by Governor
The Governor has approved Senate Bill 2176 as passed in the 2010 legislative session. The bill addressed several high profile topics, including the process by which commercial property and casualty insurers may adjust their rates. The bill revises current rate submission and approval requirements for selected types of commercial insurance, including: Excess or Umbrella Surety […]