The Florida Office of Insurance Regulation (OIR) published a Data Call Notice requiring that insurers file a Simplified 2024 Catastrophe Reporting Form (CRF) following the provided deadlines. The purpose of the data call is for the OIR to collect claims data and other relevant information from insurers on the impact of natural disasters.
OIR requires weekly simplified catastrophe reporting for Invest 90L South Florida Flash Flooding. An Invest is a designation given by the National Hurricane Center to an area of interest for further investigation. 90L is a naming convention–the 90 references the first invest of the season and cycles through from 90-99, and the L represents the Atlantic Ocean region.
The first reporting deadline is Wednesday, June 26, 2024, and data must be submitted by 12 p.m. ET. Following deadlines are Wednesday, June 3, 2024; Wednesday, July 10, 2024; and Wednesday, July 17, 2024. OIR will alert insurers if additional deadlines are required.
Insurers authorized to write the following lines of business in Florida are required to report Invest 90L South Florida Flash Flooding 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.
Reporting is cumulative and should include all claims as of the reporting date. Insurers with no policies in force for those lines or with policies in force but no claims are still required to make a "No Data" filing.
The bulletin can be found here.
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