News & Updates

Jeff Atwater

Atwater Passes on Senate Bid

Atwater Passes on Senate Bid

Florida Chief Financial Officer Jeff Atwater made headlines this weekend when he announced that he will forego a potential opportunity to run for the U.S. Senate in 2016. Current U.S. Senator Marco Rubio is expected to announce his bid for the presidency next week, creating an opening for interested candidates to jump into the race […]

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CFO Calls for Insurance Company Stress Test

CFO Calls for Insurance Company Stress Test

Chief Financial Officer Jeff Atwater recently called for an insurance company stress test designed to give consumers confidential that Florida’s residential property insurers are well-managed and will be able to deliver when Florida next experiences a hurricane.  Atwater believes the results should be made public and should show the process the insurers, particularly smaller insurers, […]

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2014 Saw Significant Property and Casualty Issues

2014 Saw Significant Property and Casualty Issues

As 2014 comes to a close, several of the issues that commanded considerable attention during the year reached their resolution and set the framework for 2015 ahead.  When we all return from the holidays, the legislative committee weeks will be upon us and the 2015 legislative session will begin before we know it.  However, before […]

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Election Night Brings No Changes to Financial Services Commission

Election Night Brings No Changes to Financial Services Commission

The Governor and Cabinet serve as a collegial governing body known as the Financial Services Commission, which has rulemaking authority for the Office of Insurance Regulation.  In addition, the FSC designates the insurance commissioner by a majority vote, with the Governor and Chief Financial Officer required to be on the same side.  After last night’s elections, […]

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PIP Rates Projected to Decline

PIP Rates Projected to Decline

The Office of Insurance Regulation announced that rates for personal injury protection (PIP) coverage are projected to drop by an average of 13.2 percent.  This analysis is based upon on a review of the rates of 20 insurers that comprise a majority of Florida market.  It is important to note that PIP coverage makes up only a […]

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Atwater to Remain CFO

Atwater to Remain CFO

Chief Financial Officer Jeff Atwater will remain in his current position and will seek reelection.  Atwater placed his name in consideration for the presidency of Florida Atlantic University.  Atwater announced at the time that the decision was a difficult one for him and in no way reflected any diminished enthusiasm for his position as CFO.  […]

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