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OIR Conducts Public Hearing on Workers’ Compensation Rates

OIR Conducts Public Hearing on Workers’ Compensation Rates

The Florida Office of Insurance Regulation is holding a public hearing today to discuss NCCI’s proposed overall statewide average workers’ compensation premium decrease of 9.6%.  The rate filing includes a statewide average rate decrease of 9.3% and a reduction of the fixed expense cost applicable to every workers’ compensation policy in Florida from $200 to […]

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Cat Fund Expects to Reimburse Insurers But No Assessments

Cat Fund Expects to Reimburse Insurers But No Assessments

Florida Hurricane Catastrophe Fund Chief Operating Officer Anne Bert provided an update to key legislative committees this week relating to the FHCF’s expected reimbursement obligations arising from Hurricane Irma.  Ms. Bert stated that current projections suggest the FHCF’s ultimate losses from Irma will be between $3 billion and $5 billion.  This amount is well-within the […]

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OIR Updates Irma Response

OIR Updates Irma Response

Insurance Commissioner David Altmaier provided updates to the Florida Senate and House of Representatives committees responsible for overseeing insurance issues.  Commissioner Altmaier began by summarizing steps the OIR took prior to Hurricane Irma to prepare for the event and provide information to insurers.  These steps included press releases and other consumer-oriented communications, outreach to insurers […]

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Appointments Made to Florida Public Service Commission

Appointments Made to Florida Public Service Commission

On September 15, 2017, Governor Rick Scott made three appointments to the Florida Public Service Commission (FPSC). Mr. Gary F. Clark of Chipley, Florida, was appointed to fill the current vacancy created by the resignation of Commissioner Jimmy Patronis. Mr. Clark was the Deputy Secretary of Land and Recreation for the Florida Department of Environmental […]

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OIR Issues Emergency Order

OIR Issues Emergency Order

The Florida Office of Insurance Regulation has issued an emergency order in the wake of Hurricane Irma.  The order broadly applies to the insurance industry in Florida and is not limited to property insurers.  At a high level, the order extends time periods that otherwise would apply for up to 90 days following Hurricane Irma.  […]

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Irma’s Effects Felt Statewide

Irma’s Effects Felt Statewide

After a week of watch Irma steadily plod toward Florida, she moved through the state over the last 24 hours.  Each hurricane that affects the state is different in its impact and in the lasting message it leaves.  With Irma, part of the lasting memory will be how a single storm can impact the entire […]

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Florida Keeps Watchful Eye on Irma

Florida Keeps Watchful Eye on Irma

Governor Rick Scott has placed all of Florida under a state of emergency as the state continues to monitor the movement of Hurricane Irma.  The westward projections over the weekend have put much of Florida within Irma’s possible path, and the southern part of the state could see the effects by the end of this week. […]

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Nominations Made For Florida Public Service Commission

Nominations Made For Florida Public Service Commission

On August 17, 2017, the Florida Public Service Commission Nominating Council met and selected nominees to be sent to the Governor for appointment to the Florida Public Service Commission (FPSC). The nominees for the current vacancy created by the resignation of Commissioner Jimmy Patronis (who was appointed by the Governor to serve as Florida’s Chief […]

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DFS Discusses Fees Charged by Agents

DFS Discusses Fees Charged by Agents

Questions regarding the permissible fees that a Florida agent may charge are among the most common we see.  Likewise, the Florida Department of Financial Services frequently receives questions from agents about the fees they may charge.  DFS recently published the following summary of fees that may be lawfully charged by a general lines agent: MVR […]

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OIR Names Chief of Staff

OIR Names Chief of Staff

Mike Yaworsky will be joining the Florida Office of Insurance Regulation as chief of staff, succeeding Belinda Miller.  Mr. Yaworski most recently has worked as an attorney with the Georgia Department of Insurance and previously worked in the Georgia Senate President Pro Tem’s Office. Mr. Yaworsky is familiar with Tallahassee, having received his undergraduate degree from Florida […]

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