Florida lawmakers have ideas to fix the homeowners insurance crisis
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, Homeowner's Insurance, Governor Ron DeSantis
News & Updates
Governor Ron DeSantis
Governor Declares State of Emergency for Idalia
Even before Idalia reached tropical storm status, Governor Ron DeSantis issued Executive Order 23-171 declaring a state of emergency for 33 Florida counties. Counties subject to the declaration encompass a large portion of Florida’s Gulf coast, extending from Bay County (Panama City) to Sarasota County. The declaration of emergency activates certain portions of the state’s […]
Florida Gov. Signs One Last Bill, Allowing Higher Deductibles, More Storm Models
Florida Legislature, Florida Commission on Hurricane Loss Projection Methodology, Insurance Regulation News, hurricane deductibles, Governor Ron DeSantis, hurricane models, windstorm coverage
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 […]
Insurer Accountability Bill Increases Regulatory Requirements
The 2023 Florida Legislature passed SB 7052, commonly referred to as the insurer accountability bill. The bill came as a surprise to some after the legislature adopted meaningful property insurance reforms in a December 2022 special session and enhanced those reforms earlier in the 2023 session. Some observers commented that SB 7052 will reduce the […]
How will Florida’s latest insurance reforms impact P&C insurers?
Florida Legislature, Insurance Regulation News, property insurance, tort reform, Governor Ron DeSantis
Governor Signs Substantial Tort Reform Bill
tort reform, bad faith, statute of limitations, attorneys fees, Governor Ron DeSantis, one-way attorneys' fees, Kathleen Passidomo, Paul Renner, Senate President Kathleen Passidomo, House Speaker Paul Renner, HB 837, letters of protection, medical expenses, declaratory judgment, offer of judgment
Yaworsky Nominated for Insurance Commissioner
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 […]
Jimmy Patronis predicts Florida will soon have a new Insurance Commissioner
Department of Financial Services, Florida Insurance Commissioner, David Altmaier, CFO Jimmy Patronis, Governor Ron DeSantis, Insurance Regulation
Assignment Limitations Begin with New Year
The Florida legislature passed significant property insurance reforms in its December 2022 special session. Governor Ron DeSantis promptly signed these reforms into law, with many taking effect immediately upon the law’s effective date. However, a key change related to assignments of benefits (AOB) begins to have its real impact in the new year. For many […]