News & Updates
Office of Insurance Regulation
Our Opinion: Insurance chaos
Office of Insurance Regulation, Citizens Property Insurance Corporation
State and Federal Officials Study Chinese Drywall
As Florida and other states sought to rebuild after the 2004 and 2005 hurricanes, building materials were at a premium. Unfortunately, homeowners are now finding that certain drywall imported from China and used in building or repairing homes is toxic and is believed to be causing a variety of problem ranging from corrosion of pipes […]
Modeling Commission Outlines Mitigation Concerns
The Florida Commission on Hurricane Loss Projection Methodology continued its discussion of Florida’s mitigation discount program on October 29, 2009. The commission received testimony from several interested parties. Among these presentations, I gave the commission information about the effects of the current discount program on premium levels and insurers’ underwriting decisions. My comments highlighted several […]
Guest editorial: State needs to check windstorm mitigation credits
windstorm mitigation, Office of Insurance Regulation, Kevin McCarty
Office of Insurance Regulation to Revise Audit Rule
The Florida Office of Insurance Regulation has released draft changes to its audit rule. The attached document shows substantial changes that the OIR is proposing to being its current rule into conformity with the Model Audit Rule. The Office of Insurance Regulation held a workshop on October 21, 2009, to discuss the draft changes. However, […]