Florida insurance carriers will be able to find out what claims litigation data they should be collecting and how it should be reported, thanks to a Feb. 24 workshop held by the state Office of Insurance Regulation.
Senate Bill 76, a reform measure signed into law last year, requires property and casualty insurers to track and report a wide range of claims information, including litigation costs, attorney fees, the attorney fee multiplier used, property locale, type of loss, vendors used for repair, name of the public adjuster, attorney for the claimant, and other information.
The OIR is charged with developing forms and procedures for reporting the information, then compiling it for review.
The workshop on the data call begins at 1 p.m. Eastern time in Room 116 of the Larson Building, 200 East Gaines Street in Tallahassee, OIR said in a bulletin. Stakeholders can also participate online. Registration is available here.
To access via telephone, dial 866-901-6455 access code 622-739-615.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
