The Florida Office of Insurance Regulation (OIR) published a Bulletin alerting insurers of the enhanced Hurricane Ian reporting requirements, as mandated by Florida Statutes. The deadline for filing a 2023 Catastrophe Reporting Form (CRF) is 12 pm ET on Wednesday, April 17, 2024. Hurricane Ian took place in September, 2022, and has an estimated total insured losses of over $19 billion. The data collected by the CRF provides valuable information to the OIR on the impact of hurricanes and other natural disasters.
Insurers authorized to write the following lines in Florida are required to report Hurricane Ian claims data: fire; allied lines; farmowners multi-peril; homeowners multi-peril; commercial multi-peril; private flood; ocean marine; inland marine; PPA physical damage; commercial auto physical damage; aircraft; glass; boiler and machinery; industrial fire; industrial extended coverage; mobile home multi-peril; mobile home physical damage; multi-peril crop; surplus lines federally authorized; and surplus lines property and casualty.
Every insurer writing those lines must submit a CRF by the deadline. If an insurer has no policies in force for those lines, they must still submit a "No Data" filling. If an insurer does have policies in force for those lines but have no claims, they should still submit a "No Data" filling.
The Bulletin can be found here.
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