September 20, 2016
The rate impact of recent Florida Supreme Court rulings on the state’s workers’ compensation system is currently in the hands of regulators, as the Office of Insurance Regulation (OIR) decides on the National Council on Compensation Insurance’s (NCCI) filing seeking …
September 19, 2016
The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the increase is necessary to address what it calls a disturbing …
September 9, 2016
The Florida Office of Insurance Regulation (OIR) and the Department of Financial Services (DFS) are warning state insurance consumers of a scam involving the unauthorized use of Insurance Commissioner David Altmaier’s name and position. According to a statement from OIR …
September 7, 2016
The Florida Office of Insurance Regulation (OIR) has approved the following companies to participate in the November Citizens Property Insurance Corp. take-out period. The total number of policies approved is 69,746. November 22, 2016 Personal Residential Take-Out Period: Homeowners Choice …
August 3, 2016
The Florida Office of Insurance Regulation (OIR) has approved a total of 40,650 personal lines, commercial lines, and coastal account policies from the following companies to participate in the September and October Citizens Property Insurance Corporation take-out periods. September 20, …
July 26, 2016
Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new program will provide Citizens with “certified and …
July 13, 2016
After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent increase of homeowners insurance rates in the state. The …
July 5, 2016
The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting Florida’s workers’ compensation system. This amended filing increases NCCI’s initial …
June 23, 2016
Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water losses and assignment of benefit (AOB) …
May 10, 2016
Citizens Property Insurance Corp. is alerting policyholders to important policy changes beginning July 1 as part of the state-backed insurer’s efforts to improve communication and protect customers early in the claims process while controlling costs that it has said threaten …