News & Updates

Department of Financial Services

Primary Results Bring General Election Matchups Into Focus

Primary Results Bring General Election Matchups Into Focus

In Tuesday’s primary elections, Floridians selected party nominees who will compete this November for the Governor’s Mansion and Cabinet offices that play important roles in Florida’s insurance regulatory system. While property insurance was not the dominant issue in every statewide race, Florida consumers and businesses continue to rank affordability and availability of insurance among their […]

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Consumer Protection Bill Includes Insurance Reforms

Consumer Protection Bill Includes Insurance Reforms

The Florida Legislature adopted HB 1185 during the 2023 legislative session. The bill has been presented to Governor Ron DeSantis for approval or veto. The bill’s consumer protection provisions are not limited to the insurance industry. However, several relate directly to insurers or insurance-related organizations. The following are among the key insurance-related changes in the […]

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Special Session Proposals Address Property Market Concerns

Special Session Proposals Address Property Market Concerns

The Florida House of Representatives and Senate have released their proposals for next week’s special session on property insurance reform.  The special session follows last month’s call from Governor Ron DeSantis for a special session dealing with the crisis in Florida’s residential property insurance market. Reinsurance Protection Although their proposals are subject to change when […]

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New Notice Required for Insurers Using Credit Reports

New Notice Required for Insurers Using Credit Reports

Effective January 1, 2022, insurers using credit reports or credit scoring for underwriting or rating purposes must provide a new notice to consumers.  The notice must state: The Department of Financial Services offers free financial literacy programs to assist you with insurance-related questions, including how credit works and how credit scores are calculated.  To learn […]

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