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Florida Legislature

OIR Releases 2010 Annual Report for Workers’ Compensation

OIR Releases 2010 Annual Report for Workers’ Compensation

The Florida Office of Insurance Regulation has released its 2010 annual report on the workers’ compensation insurance industry in Florida.  The report reviews the availability and affordability of workers’ compensation insurance coverage in Florida to assess the current state of the market.   The report finds that the Florida market is competitive, as evidenced by a large number of insurers writing […]

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Senate Committee Releases Sinkhole Report

Senate Committee Releases Sinkhole Report

The Senate Committee on Banking and Insurance has issued Interim Report 2011-104, Issues Relating to Sinkhole Insurance, discussing concerns with sinkhole coverage in Florida’s property insurance market.  The report summarizes the increased frequency and severity of property insurance claims for sinkhole losses over the years.  The report cites the high costs of investigating claims and […]

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Senate Banking & Insurance Committee Contains Familiar Names

Senate Banking & Insurance Committee Contains Familiar Names

Senate President Mike Haridopolis has appointed members of the Senate to its various committees, including the Banking & Insurance committee.   Senator Garrett Richter, R-Naples, continues to serve as chairmain of the committee and Senator Chris Smith, D-Fort Lauderdale, remains the vice chair. Other members of the committee include J.D. Alexander, R-Lake Wales, Mike Bennett ,  R-Bradenton, Ellyn Bogdanoff , […]

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