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Governor Ron DeSantis has nominated Mike Yaworsky as Commissioner of the Office of Insurance Regulation (OIR). Yaworsky’s name might be familiar to those who follow insurance regulation in Florida— he previously served as Chief of Staff of OIR under former commissioner David Altmaier before leaving for his current position as Vice Chair of the Florida […]
The 2019 Florida legislative session in only about a week away. This year’s session will be different in some respects than recent sessions, if only due to significant changes in executive branch and legislative officers. The Governor’s office often sets the tone for legislative sessions through developing proposed budgets and advancing public policy issues. The […]
The Florida Cabinet consists of the state’s Chief Financial Officer, Attorney General and Commissioner of Agriculture. Together with the Governor, these officers serve as the agency head for several Florida agencies including the Office of Insurance Regulation and Office of Financial Regulation. Florida is in a unique position this year because Election Day guarantees to […]
Resolutions passed by the Senate Ethics and Elections Committee would add two positions to the Florida Cabinet if they continue to advance in the current legislative session. The committee unanimously approved resolutions SJR 942 and SJR 1424, which would make the Commissioner of Education and Secretary of State elected positions that would be part of the Cabinet. […]
The Financial Services Commission (FSC), consisting of the Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture, discussed the process of finding Florida’s next Insurance Commissioner at their regularly scheduled Cabinet meeting. The FSC intends to conduct a nationwide search and agreed to potentially increase the compensation level to attract highly qualified candidates. The […]
Insurance Commissioner Kevin McCarty appeared before the Governor and Cabinet last week to discuss potential standards under which the Office of Insurance Regulation can be objectively reviewed. The Governor and Cabinet have indicated that they want to hear from the agencies they oversee, including the Office of Insurance Regulation, regarding appropriate measurements for their agencies. […]
The assessment imposed by the Florida Hurricane Catastrophe Fund (FHCF) will end 18 months earlier than previously projected. Governor Scott and the Cabinet voted to terminate the assessment as of January 1, 2015 rather than the scheduled July 1, 2016, end date. The assessment currently is 1.3% of premiums. Insurers add the assessment amount to […]
Chief Financial Office Jeff Atwater has suggested that the Governor and Cabinet, serving as the Financial Services Commission, oversee the selection of an Inspector General to review Citizens Property Insurance Corporation. Atwater also wants the Inspector General to report to the Financial Services Commission for at least 12 months. Governor Rick Scott recently called for […]
The Office of Insurance Regulation has decided to move forward with repealing the so-called “penalty rule” (69O-142.011 “Insurer Conduct Penalty Guidelines”) despite uniform support among industry representatives for keeping the rule, with appropriate revisions. The existing rule categories many types of violations of the insurance code, informing the public and the insurance industry about the […]
With the primary races now behind us, the potential makeup of the Financial Services Commission for next year has become a little clearer. However, early guesses suggest that some of the general elections will be close and polls have had a tendency to shift this fall, so Floridians will continue to watch these races closely […]
