News & Updates

Windstorm Loss Mitigation Discounts

Final Report Discusses Mitigation Discount Process

Final Report Discusses Mitigation Discount Process

The Florida Commission on Hurricane Loss Projection Methodology has released its final Windstorm Mitigation Discounts Report discussing problems with the current mitigation discount process and recommending a series of potential solutions.  The 2009 Florida Legislature asked the modeling commission to review the current process by which personal and commercial residential policyholders receive discounts on their […]

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OIR Gathers Input on Mitigation Verification Form and Notice

OIR Gathers Input on Mitigation Verification Form and Notice

The Office of Insurance Regulation held a public hearing on December 21 to continue gathering feedback about revisions to its Uniform Mitigation Verification Inspection Form and its Notice of Premium Discounts for Hurricane Loss Mitigation.  The hearing attracted relatively few comments on the discount notice form.  A few participants commented that the description of mandatory […]

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Modeling Commission Outlines Mitigation Concerns

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 […]

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