Florida Statutes 627.9126 – Reports by liability insurers
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(1) Each insurer transacting commercial multiperil, products liability, commercial automobile liability, private passenger automobile liability, or other line of liability insurance shall maintain information as specified in this section. Such information shall be maintained for each line of insurance and for direct Florida business only. The office may conduct a sampling of claims or actions for damages for personal injury or property damage claimed to have been caused by error, omission, or negligence of insureds if the claim resulted in:
(a) A final judgment in any amount.
Terms Used In Florida Statutes 627.9126
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Verdict: The decision of a petit jury or a judge.
(b) A settlement in any amount.
(c) A final disposition not resulting in payment on behalf of the insured.
(2) Upon request of the office, an insurer shall, within 60 days, submit to the office a report that contains:
(a) A final judgment in any amount.
(b) A settlement in any amount.
(c) A final disposition not resulting in payment on behalf of the insured.
(3) The reports required by subsection (2) shall contain:
(a)1. The name, address, and class or line of coverage of the insured.
2. The insured’s policy number.
3. The date of the occurrence which created the claim.
4. The date the claim was reported to the insurer or self-insurer.
5. The date of suit, if filed.
6. The claimant’s name, age, and sex; however, the name of the claimant is confidential and exempt from the provisions of s. 119.07(1).
7. The total number and names of all defendants involved in the claim.
8. Claims settled after a suit was filed.
9. Claims paid based on a judgment.
10. Judgments appealed by the insurer, together with the total results of such appeals.
11. The date and amount of final judgment or settlement, if any, including the itemization of the verdict, together with a copy of the settlement or final judgment.
12. In the case of a settlement, such information as the office may require with regard to the injured person’s incurred and anticipated medical expense, wage loss, and other expenses.
13. The loss adjustment expense paid to defense counsel and other allocated loss adjustment expense paid.
14. The date and reason for final disposition, if no judgment or settlement.
(b) A summary of the occurrence which created the claim, which shall include:
1. The name of the facility, business, or institution, if any, and the location within the facility, business, or institution at which the injury occurred.
2. A description of the principal injury giving rise to the claim.
3. The safety management steps that have been taken by the insured to make similar occurrences or injuries less likely in the future.
(c) Any other information required by the office to analyze and evaluate the nature, causes, location, cost, and damages involved in liability cases.
(4) There shall be no liability on the part of, and no cause of action of any nature shall arise against, any insurer reporting hereunder or its agents or employees or the office or its employees for any action taken by them pursuant to this section.