‘I think we’re there’ on AOB reform, House insurance chairwoman says
Florida Legislature, Insurance Regulation News, AOB, David Altmaier, assignment of benefits, Florida Insurance Commissioner, property insurance
News & Updates
David Altmaier
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 […]
Editorial: Florida right to ‘freeze’ insurance
Hurricane Michael, David Altmaier, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
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 […]
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 […]
Regulators May Form a Multi-State LTCI Rate Review System
long term care insurance, David Altmaier, NAIC, Insurance Regulation News
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 […]
Florida insurance regulator says assignment of benefits abuse is getting worse
Florida OIR, AOB, David Altmaier, assignment of benefits, Insurance Regulation News, Florida Legislature
OIR Approves Workers Compensation Rate Reduction
The Florida Office of Insurance Regulation has issued a Final Order approving a 9.5% overall rate reduction and 9.8% premium level decrease for the National Council on Compensation Insurance (NCCI). This reduction applies to new and renewal policies effective as of January 1, 2018. “I am pleased that today’s approval of NCCI’s rate filing will […]
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 […]