Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List

Published on July 21, 2022 • Insurance Journal

The OIR report was mandated by Senate Bill 2D, passed during the special session of the Florida Legislature in May. The studies are due out each July and January to give a barometer reading on the state’s distressed property market. Industry experts said the 27-page report gives a good snapshot of the current crisis, but also leaves some questions unanswered.