DATA CALL NOTICE:
Personal and Commercial Residential Property Claims Litigation Reporting
Data Call Overview
In accordance with s. 624.424(11), F.S., companies are required to report personal and commercial residential property claims litigation data to the Florida Office of Insurance Regulation on an annual basis.
Filing Deadline
Each authorized insurer or insurer group issuing personal lines or commercial lines residential property insurance policies in Florida must report data. Companies are encouraged to begin submitting data as soon as possible.
Filing Deadline: March 1, 2023, 11:59 p.m. ET
Reporting Scope: January 1, 2022 - December 31, 2022
All personal and commercial residential property claims closed in Florida during 2022 must be reported. Each company within a group must submit its filing on an individual company basis.
Penalty: Pursuant to s. 624.424(11), F.S., beginning January 1, 2022, each authorized insurer or insurer group issuing personal lines or commercial lines residential property insurance policies in this state shall file with the office on an annual basis in conjunction with the statements required by paragraph (1)(a) a supplemental report on an individual and group basis for closed claims. Failure to comply may result in a referral to OIR's Property and Casualty Market Regulation Unit for further action.
How to File
Each company must submit its filing on an individual company basis.
Please use the Insurance Regulation Filing System (IRFS) for filing submission. IRFS filing instructions can be found here.
A copy of the personal and commercial residential property claims litigation data template is available here. The fillable template should be downloaded within IRFS.
Informational Memorandum OIR-22-01M is available here.
Questions: Please email Research@floir.com or call (850) 413-3147.
About OIR
The Florida Office of Insurance Regulation (OIR) has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit our website or follow us on Twitter @FLOIR_comm.
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