Citizens Property Insurance Corp.’s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress made in returning Citizens to the state’s insurer of last resort. …
The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been a 10 percent increase …
Citizens Property Insurance Corp. has launched a multi-faceted education campaign in an attempt to improve customer claims handling while taking steps to combat what it has called a disturbing increase of fraud and abuse that threatens to drive up premiums …
Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp. for state insurance regulators. The insurer says the …
The Florida Office of Insurance Regulation (OIR) ordered Florida’s largest property insurers on Oct. 23 to submit detailed information on water loss claims, mitigation services, litigation and assignment of benefits. OIR stated the data call would help evaluate the impact …
The Florida Office of Insurance Regulation (OIR) has dropped its Order for The Doctors Co. (TDC) to lower its filed rates by 15 percent. The rates proposed by the medical malpractice insurer back in Dec. 2014 will remain the same …
An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set for Oct. 7, 2015, …
Florida Insurance Commissioner Kevin McCarty said that Rebecca Matthews will serve as interim chief of staff of the Office of Insurance Regulation. Matthews currently serves as the deputy chief of staff. Matthews succeeds Audrey Brown who had served as chief …
