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The Florida Office of Insurance Regulation has announced a public hearing at which it will investigate claims settlement practices in the life and annuity industry. The OIR has directed that representatives of two insurers appear in Tallahassee on May 19 to address its concerns, and OIR advises that it continues to examine other insurers. According […]
The Office of Insurance Regulation has issued a document called “Report on Review of the 2011 Personal Injury Protection Data Call.” The OIR recently issued a report compiling the results from its recent voluntary data call from insurers writing personal auto line of business. Thirty one companies responded representing more than 80% of the market. […]
The Florida Office of Insurance Regulation has issued an informational memorandum (OIR-11-02M) informing property and casualty insurers of Partners in Recovery, a not-for-profit organization intended to expedite the settlement of property insurance claims. The program coordinates disaster preparation and response communications among the Department of Financial Services (DFS), Office of Insurance Regulation (OIR), emergency management agencies, […]
Florida Insurance Commissioner Kevin McCarty has announced announced a series of staff changes at the Florida Office of Insurance Regulation (OIR). Al Willis has been appointed acting Deputy Commissioner for Property & Casualty. Mr. Willis previously was the Director of Life & Health Financial Oversight and has been with OIR since 1987. He earned a bachelor’s degree in […]
U.S. District Court Judge Roger Vinson has issued a response to the Department of Justice’s most recent motion in the federal healthcare lawsuit. Judge Vinson previously ruled that the federal healthcare law is unconstitutional, but the Department of Justice filed a motion seeking to ensure implementation will continue while it appeals. Vinson criticized the Department of Justice for […]
Florida Insurance Commissioner Kevin McCarty has been discussing the “cost drivers” affecting Florida’s property insurance market since last year’s legislative session. As the 2011 session draws near, Commissioner McCarty continues to identify the key factors affecting property and casualty insurers in Florida. McCarty top five issues include the following: 1. Attracting Capital– Commissioner McCarty points […]
The Office of Insurance Regulation (OIR) has issued informational memorandum OIR-11-01 to life and health insurers and health maintenance organizations licensed in Florida. The stated purpose of the memorandum is to inform insurers of the requirements of Section 627.6487, Florida Statutes, relating to the guaranteed availability of health insurance. The memorandum states that eligible individuals […]
Citizens Property Insurance Corporation has released the form by which insurers may seek limited apportionment company status for 2011. In cooperation with the Office of Insurance Regulation, Citizens has informed insurers they must submit their requests to the OIR on or before March 31, 2011. To qualify as a limited apportionment company, an insurer must […]
The Florida Office of Insurance Regulation has released its most recent annual report on the state of the Florida insurance market. The report describes the organizational structure of the Office of Insurance Regulation. In addition, the report discusses the economic impact of the insurance industry in Florida, stating that the industry accounts for $19.9 billion […]
Some familiar names at the Office of Insurance Regulation have moved to new positions. Belinda Miller, formerly Deputy Insurance Commissioner overseeing the property and casualty area, has been named acting General Counsel. She moves into this position following the retirement of former General Counsel Steve Parton. Robin Westcott has been named acting Deputy Insurance Commissioner […]
