As insurance costs rise, Florida homeowners are given a new option
Insurance Regulatory News, homeowners, property and casualty insurance, property insurance, Florida Legislature
News & Updates
property and casualty insurance
ISO Releases Policy Rule, Rating Factors for Insuring Vehicles with Driver Assistance Features
Insurance Regulation News, ISO, auto coverage, underwriting, property and casualty insurance
Farmers Insurance expands into Florida
Farmers Insurance, property and casualty insurance, Homeowner's Insurance, Insurance Regulation News
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
reinsurance, Citizens Property Insurance Corporation, property and casualty insurance, Hurricane Irma, Insurance Regulatory News, Florida insurance market
P&C Product Review Discusses Top Filing Mistakes
The Florida Office of Insurance Regulation’s property and casualty product review section discussed the most common filing mistakes at the OIR’s recent business development conference. The current backlog of property and casualty form filings is a concern of both the OIR and the industry, and the OIR hopes that identifying common filing mistakes can play […]
OIR Conference Emphasizes Business Development
The Florida Office of Insurance Regulation hosted its business development conference last week in Tallahassee. The event marked the first time in four years that the OIR has hosted the conference. Although styled as a filing conference in the past, the title of this year’s conference was expanded to include business development as the OIR […]
OIR Offers Workshop on Life and Health Reinsurance Collateral Rule
If requested by interested parties, the Florida Office of Insurance Regulation (OIR) will hold a workshop to discuss a proposed rule relating to life and health reinsurance collateral requirements. The Office of Insurance Regulation may allow ceding insurers to take credit for reinsurance with unauthorized reinsurers that do not fully collateralize their programs as long […]
Familiar Names Take New Positions at Office of Insurance Regulation
The Florida Office of Insurance Regulation has named several veteran regulators to new positions within the agency. Some of the changes affect oversight of the property and casualty area, where the newly named senior regulators take the place of individuals who left the OIR to pursue other opportunities earlier this year. Richard Koon has been […]
OIR Issues Memorandum on Surplus Requirements
The Florida Office of Insurance Regulation has issued an informational memorandum (OIR-11-05m) summarizing the minimum surplus requirements for property and casualty insurers as revised in SB 408. The bill was signed into law on May 17, 2011, and the surplus requirements became effective at that time. The new law specifies that a new insurer writing […]