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The Florida legislature adopted SB 542 intended to encourage admitted market insurers to write personal residential flood insurance programs. If approved by the Governor, the bill will make changes to Florida’s rating law and modeling review process to facilitate private flood products. Section 627.062, Florida Statutes, lists factors to be considered by the Office of […]
State Board of Admin, OIR, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation, Insurance Regulation
Kevin McCarty, insurer solvency, OIR, Florida Legislature, Insurance Regulation
homeowners, OIR, forced placed insurance, property insurance, Insurance Regulation
The Office of Insurance Regulation announced that rates for personal injury protection (PIP) coverage are projected to drop by an average of 13.2 percent. This analysis is based upon on a review of the rates of 20 insurers that comprise a majority of Florida market. It is important to note that PIP coverage makes up only a […]
The Florida Office of Insurance Regulation responded to Chief Financial Officer Jeff Atwater’s request for an analysis of whether insurers are reflecting reduced reinsurance costs in their rate filings. Based upon a detailed review of filings that have been made by insurers among Florida’s Top 30 in writings, the OIR has concluded that insurers indeed […]
insurance commissioner, OIR, property insurance, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
OIR, Homeowner's Insurance, property insurance, Jeff Atwater, Kevin McCarty, Insurance Regulation
Travis Miller discusses the return of the traditional method of form filing review by OIR pertaining to personal lines as the certification process comes to an end December 31, 2013.
