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The Florida workers’ compensation insurance market presents interesting regulatory and legislative dynamics. Two Florida Supreme Court cases threatened to unravel some of the legislative reforms that helped reduce workers’ comp rates in this state. This prompted concerns among some policymakers that the legislative must revisit workers’ compensation laws to head off future rate increases for […]
Radey wishes all of our friends a happy and prosperous new year. As 2019 begins, Florida’s capital city will be embarking on a new era. Governor-elect Ron DeSantis will take office next week, succeeding Rick Scott who was Governor for eight years. Chief Financial Officer Jimmy Patronis returns, having been elected to the Cabinet office to […]
Several high profile races in Florida were decided, or at least appeared to have been decided, on election night by close margins. At the state level, Republican Ron DeSantis looked like the winner in Governor’s race, Republican Jimmy Patronis prevailed as Chief Financial Officer, Republican Ashley Moody won to succeed Pam Bondi as Attorney General, and […]
The Florida Cabinet consists of the state’s Chief Financial Officer, Attorney General and Commissioner of Agriculture. Together with the Governor, these officers serve as the agency head for several Florida agencies including the Office of Insurance Regulation and Office of Financial Regulation. Florida is in a unique position this year because Election Day guarantees to […]
Governor Rick Scott has declared a state of emergency for Northwest Florida as Hurricane Michael takes aim at the region. The state of emergency covers 26 counties in the Panhandle, through Tallahassee and eastward. If the storm continues to move as anticipated, we can expect closures of state offices, schools and similar organizations later in […]
U.S. Representative Ron DeSantis has filed to run for governor in 2018, joining Florida’s current Commissioner of Agriculture Adam Putnam. In addition, Florida Speaker of the House Richard Corcoran has been rumored as a likely candidate, although he has not formally joined the race. DeSantis received a boost in name recognition when President Donald Trump […]
With hurricane season now being only a month away, the Florida Department of Financial Services (DFS) has taken the opportunity to remind licensees of unique claims adjusting requirements that apply during states of emergency. The Governor typically will declare a “state of emergency” during a hurricane affecting Florida. Among other things, the declaration of an emergency invokes […]
Tropical Storm Colin underscored recent reminders about the need to be vigilant during hurricane season. As we entered last weekend, there was barely a mention of a storm event affecting Florida this week. However, seemingly from nowhere, Colin emerged and began making its way to the Florida gulf coast. By Monday, Governor Rick Scott declared […]
The state’s search for a new insurance commissioner to replace outgoing commissioner Kevin McCarty will continue into April. The four-member Financial Services Commission (Governor and Cabinet) is responsible for selecting the next commissioner by majority vote, with the caveat that the Governor (Rick Scott) and Chief Financial Officer (Jeff Atwater) must be on the prevailing side. The […]
The Financial Services Commission (FSC), consisting of the Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture, discussed the process of finding Florida’s next Insurance Commissioner at their regularly scheduled Cabinet meeting. The FSC intends to conduct a nationwide search and agreed to potentially increase the compensation level to attract highly qualified candidates. The […]
