Florida OIR Notifies Residential Property Insurers of Statutory Changes to the Minimum Surplus Requirements

July 6th, 2011|Daily News|

Pursuant to the enactment of CS/CS/CS/SB 408, the Florida Office of Insurance Regulation ("OIR") issued a July 1, 2011 Informational Memorandum (OIR-11-O5M) advising all residential property insurers in the State of Florida of changes to the minimum surplus requirements. Specifically, the OIR Memorandum notifies insurers of the legislative amendment to Section 624.407, Florida Statutes, regarding [...]

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First District Court of Appeal Confirms Attorney’s Fees Are Limited to Percentage of Benefits Obtained in Workers’ Comp Cases

July 1st, 2011|News Coverage|

In Kauffman v. Community Inclusions, Inc./Guarantee Insurance Co., 57 So. 3d 919 (Fla. 1st DCA 2011), the First District Court of Appeal confirmed that the workers’ compensation statute, section 440.34, Fla. Stat., limits claimants’ attorney’s fees to a percentage of benefits obtained based on a statutory formula. […]

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* Please note: these figures are in terms of the 57 Florida homeowners insurance writers currently reviewed and rated by Demotech, as of June 30, 2015.