News & Updates

David Altmaier

AOB Reform Advances Without Auto Glass Fix

AOB Reform Advances Without Auto Glass Fix

The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers assign the rights and benefits […]

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Altmaier Elected NAIC Vice President

Altmaier Elected NAIC Vice President

Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]

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OIR Approves Workers Compensation Rate Decrease

OIR Approves Workers Compensation Rate Decrease

The Florida Office of Insurance Regulation has approved a statewide overall rate level decrease of 13.8 percent for workers’ compensation insurance rates. The approval applies to new and renewal workers’ compensation insurance policies effective as of January 1, 2019. The National Council on Compensation Insurance submitted a rate filing in late summer providing for a […]

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Hurricane Michael Prompts Closures

Hurricane Michael Prompts Closures

State offices throughout the Florida Panhandle and Big Bend are closed as the state braces for Hurricane Michael. The state’s emergency operations, of course, remain open and active. In addition, insurance commissioner David Altmaier has said senior Office of Insurance Regulation officials are working remotely as the OIR’s offices are closed for regular business. Hurricane […]

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OIR Summit to Cover Current Regulatory Issues

OIR Summit to Cover Current Regulatory Issues

The Florida Office of Insurance Regulation (OIR) is hosting the next edition of its industry summit on October 24-25 in Tallahassee.  The OIR has hosted several similar summits in the past to discuss emerging issues of interest to regulators and the insurance industry. Early versions of the summit concentrated on the form and rate filing […]

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House and Senate Remain Apart on AOB Reform

House and Senate Remain Apart on AOB Reform

Just two weeks into the 2018 legislative session, the Florida House of Representatives and Senate continue to take distinct approaches to the “assignment of benefits” concerns affecting Floridians through increased insurance premiums.  The House passed a bill containing reforms directed at the root of the problem–  the one-way attorneys’ fee statute against insurers, which has […]

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