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Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]
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 […]
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 […]
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 […]
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 […]
insurance commissioner, David Altmaier, Insurance Regulatory News, Hurricane Irma, emergency order
Insurance Regulation News, OIR, insurance commissioner, Commissioner Altmaier, Insurance Regulation
As the Florida legislature enters the final few weeks of the 2017 regular session, several important insurance issues remain unresolved. One of the most prominent insurance issues in need of a legislative solution is the “assignment of benefits” issue. Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation chief executive officer Barry Gilway, and a number […]
The Florida Office of Insurance Regulation has announced new deputy commissioners for property and casualty insurance and for life and health insurance. The OIR has named Susanne Murphy as the deputy commissioner for property and casualty insurance. Ms. Murphy has substantial experience in insurance regulation, as well as with Florida’s residual property insurance market Citizens […]
The Governor and the Cabinet, sitting as the Financial Services Commission, met today and again interviewed candidates for the position of Florida Insurance Commissioner. Two new candidates were interviewed – OIR Chief of Staff Belinda Miller and Raymond Blacklidge, EVP of American Traditions Insurance Co. and Modern USA Insurance Co. – as well as second […]
