News & Updates

Insurance

OIR Issues Informational Memorandum After Heavy Rain Event

OIR Issues Informational Memorandum After Heavy Rain Event

A substantial rain event in North Florida made national news this week as it caused flooding in many areas, waashing out roads and bringing rising water into many homes and businesses.  Governor Rick Scott issued Executive Order 14-144 declaring a state of emergency in counties extending from the Florida-Alabama state line to the Gainesville area.   The Department of […]

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Session Winds Down, But Political Season Will Continue

Session Winds Down, But Political Season Will Continue

The 2014 legislative session is drawing to a close, but in some respects this only means the political process will shift forums.  Florida’s 60-day legislative session has only a week remaining.  The last week is always the most active, with bills that have not yet passed being in a do-or-die situation for this year.  Among […]

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PIP Challenge Over….For Now

PIP Challenge Over….For Now

The Florida Supreme Court has announced that it will not hear an appeal relating to the 2012 revisions to Florida’s Personal Injury Protection law.  This means the reforms remain in effect.  The reforms have been taken into account in insurers’ rate filings, so the Supreme Court’s decision keeps the legal reforms in line with the […]

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Gun Discrimination Bill Headed to Governor

Gun Discrimination Bill Headed to Governor

The Florida House of Representatives passed SB 424 by  74-44 margin, sending the bill to Governor Rick Scott.  The bill prohibits any personal lines property or auto insurer from refusing to issue or renew a policy, or charging a differential rate, based upon the policyholder’s lawful ownership, possession or use of a firearm.  The new […]

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Vehicle Registration Fee Cuts Set to Pass

Vehicle Registration Fee Cuts Set to Pass

Later today Governor Rick Scott is expected to sign a bill that will reduce vehicle registration fees that were increased in 2009.  Unlike last year, however, the fee rollback is not tied to a repeal of insurers’ salary credit against the premium tax.  When the proposal surfaced last year, some legislators sought to fund it by eliminating the credit insurers […]

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An Experienced Leader Returns

An Experienced Leader Returns

Rich Robleto has agreed to return to OIR as Life and Health Deputy Commissioner.  The OIR announced his return in a release dated March 12, 2014.  He will officially begin the job on March 24. The announcement quoted Insurance Commissioner Kevin McCarty stating:  “Rich Robleto is a seasoned professional with more than 30 years of […]

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Trial Bar Opposes Citizens Sinkhole Repair Program

Trial Bar Opposes Citizens Sinkhole Repair Program

A proposal that would facilitate the repair of homes insured by Citizens Property Insurance Corporation is gaining support but is opposed by the trial bar.  The Senate Banking and Insurance Committee advanced a bill that would adopt a form of “managed repair” program for Citizens’ sinkhole claims.   Citizens president Barry Gilway favors the proposal as a way […]

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Flood Bill Might Return to Insurance Committee

Flood Bill Might Return to Insurance Committee

The Florida Senate has been advancing a bill intended to increase private market interest in making flood insurance coverage available to Floridians.  However, in light of the complexities of the issue, some Senators are suggesting that recent substantial revisions to the bill should be sent back to the Banking and Insurance Committee for further review. […]

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Citizens Clearinghouse Launches

Citizens Clearinghouse Launches

Citizens Property Insurance Corporation launches its clearinghouse for new business today.  The 2013 Florida legislature authorized the clearinghouse as a method of reducing the inflow of new business into Citizens when private market insurers are willing to write the policies.  The clearinghouse is only available for new business entering Citizens but later this year is […]

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PIP Rates Projected to Decline

PIP Rates Projected to Decline

The Office of Insurance Regulation announced that rates for personal injury protection (PIP) coverage are projected to drop by an average of 13.2 percent.  This analysis is based upon on a review of the rates of 20 insurers that comprise a majority of Florida market.  It is important to note that PIP coverage makes up only a […]

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