Peter SchorschMarch 5, 2020
3min742
The House acted, but the Senate companion sits stagnant.
Tag: Florida Office of Insurance Regulation
Peter SchorschMarch 5, 2020
Guest AuthorFebruary 26, 2020
8min945
Floridians are not only paying for the cost of recovery but also that of abusive insurance litigation.
Michael MolineJanuary 16, 2019
10min325
Regulators also confront problems in the long-term care and flood insurance markets.
Ryan NicolDecember 4, 2018
5min255
State Rep. Holly Raschein is set to hold a Wednesday event aimed at helping constituents sort through insurance issues following Hurricane Irma. While Hurricane Irma came and went more than a year ago, many South Floridians are still feeling the impact of the storm. Some in the Florida Keys are still rebuilding, while others are attempting […]
Michael MolineNovember 9, 2018
5min337
State regulators gave the final OK on Friday for a 13.8 percent decrease in Florida’s average workers’ compensation insurance premiums. The change takes effect Jan. 1. “Workers’ compensation insurance is a critical operating cost for business owners, and the 13.8 percent rate decrease approval will allow employers to better support Florida’s families, visitors and labor […]
Michael MolineOctober 15, 2018
3min511
An “extremely preliminary” report from the Office of Insurance Regulation shows that roughly 38,000 Hurricane Michael-related claims have come into Florida carriers thus far, and that paid losses have reached $5.7 million. “These numbers are extremely preliminary and will continue to rise in the days and weeks to come,” office spokesman Jon Moore said via email. […]
Michael MolineAugust 28, 2018
4min500
The ratings agency that recommends workers’ compensation insurance premium levels in Florida on Monday recommended a 13.4 percent reduction, to take effect Jan. 1. A summary released by the National Council on Compensation Insurance, or NCCI, cites “continued significant improvement in loss experience.” “This is consistent with prior experience filings in Florida and in line […]
Staff ReportsAugust 13, 2018
4min249
Hurricane Irma should have been warning enough, but insurance regulators in Tallahassee are underscoring the imperative for homeowners to make sure they’re carrying enough insurance, including flood coverage. Most flood policies typically take effect 30 days after purchase, officials said in a written statement issued last week. With the 2018 hurricane season nearing its peak, there’s […]
Michael MolineJune 20, 2018
7min327
Citizens Property Insurance Corp.’s board of governors is putting off until December a decision on whether to seek premium increases of an average 7.9 percent on residential policies and 8.9 percent on commercial lines. Board members said Tuesday that they wanted to give Citizens staff time to resolve a large number of Hurricane Irma claims and […]
Michael MolineMay 14, 2018
5min312
Details of insurance claims gleaned for the ongoing battle against assignment of benefits (AOB) abuse are “trade secrets” that should be shielded from public view, a new lawsuit says. Universal Property & Casualty Insurance Co. recently filed in Leon County Circuit Civil court against the Office of Insurance Regulation (OIR), seeking to block it from complying with a public records […]