- Florida Office of Insurance Regulation Publishes Annual Property and Casualty Underwriting Profit and Contingency Rate Filing Factors
- May 6, 2015
- Law Firm: Colodny Fass P.A. - Fort Lauderdale Office
- Pursuant to Rule 69O-170.003, Florida Administrative Code, the Florida Office of Insurance Regulation annually establishes underwriting profit and contingency factors that may be used in rate filings.
In Informational Memorandum OIR-15-03M issued today, April 27, 2015, the OIR published the 2014 factors for all property and casualty insurers authorized to do business in Florida.
Insurers may use the referenced profit and contingency factors when they are unable to produce credible profit and contingency factors from their own data.