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OIR Approves New Application to Form a Domestic Property Reciprocal Insurer
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1 Articles
OIR Approves New Application to Form a Domestic Property Reciprocal Insurer
The Florida Office of Insurance Regulation (OIR) approved Condo Owners Reciprocal Exchange to form as a property and casualty reciprocal insurer in Florida. Today’s announcement marks the newest property and casualty insurer approved to operate in Florida following extensive legislative reforms implemented to promote continued market stabilization. As a result of these reforms, Florida is seeing additional opportunities in the market for insurer…
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