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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

Florida

For Benefits Compliance specific state updates for Florida click here.

April 02, 2020

On March 16, 2020, Florida State CFO Patronis issued a letter to travel insurance agents and insurers to make them aware of the Department of Financial Services’ heightened focus of travel insurance claims during the COVID-19 pandemic. The letter also noted that it is important that travel insurers and agents not erect arbitrary hurdles on consumers to slow or reduce the rightful payment of claims and that when receiving valid claims with reasonable justifications, process claims promptly.

FL CFO Letter

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April 02, 2020

On March 25, 2020, the Florida Office of Insurance Regulation Issued Informational Memorandum OIR-20-04M to all regulated entities encouraging them to only consider cancellation of policies if all possible efforts to work with consumers to continue coverage have been exhausted.

Insurers were also encouraged to allow insureds to temporarily utilize their personal automobile for commercial use, provided that such use is limited to the duration of the emergency orders.

Because in-person inspections of insured property are uncertain, insurers are encouraged to explore virtual options for underwriting and adjusting claims in lieu of in-person property inspections and for premium audits of employers’ records.

FL Informational Memorandum OIR-20-04M

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April 17, 2020

On April 1, 2020 the Florida governor issued Executive Order 2020-91 citing the federal government guidance and deems insurance to be essential.

FL Executive Order 2020-91

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April 24, 2020

On April 6, 2020, the Florida Office of Insurance Regulation issued Informational Memorandum OIR-20-05M to workers’ compensation insurers confirming that first responders, health care workers and others that contract COVID-19 due to work-related exposure are eligible for workers’ compensation benefits.

FL Informational Memorandum OIR-20-05M

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