News & Updates

Jimmy Patronis

New Year Promises Fast Start in Florida Politics

New Year Promises Fast Start in Florida Politics

The new year will get off to a fast start in Florida governmental affairs and promises to active at least until we approach the next holiday season.  This year is an election year in Florida.  This means the Florida legislature will meet early in the year, with the session beginning January 11.  The 60-day session […]

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DFS Grants Licensing Flexibility During COVID-19 Crisis

DFS Grants Licensing Flexibility During COVID-19 Crisis

Florida’s Chief Financial Officer (CFO) Jimmy Patronis has issued directive 2020-07 allowing the Department of Financial Services to issue agent licenses even if the testing requirement is not met.  CFO Jimmy Patronis commented, “The licensing of insurance agents came to a complete standstill when a testing vendor shut their doors due to COVID-19. This has […]

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Commissioner Altmaier Named NAIC President-Elect

Commissioner Altmaier Named NAIC President-Elect

Florida Insurance Commissioner David Altmaier has been named President-Elect of the National Association of Insurance Commissioners (NAIC), effective January 1, 2020. Commissioner Altmaier has been Vice President of the NAIC during 2019. “I am honored to have been chosen as President-Elect of the NAIC. This year, we have made significant progress on many key issues. […]

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Officials Focus on Open Michael Claims

Officials Focus on Open Michael Claims

The Florida Department of Financial Services (DFS) and Office of Insurance Regulation (OIR) encouraged insurers again this week to redouble efforts to resolve Hurricane Michael claims.  Chief Financial Officer Jimmy Patronis asked Insurance Commissioner David Altmaier to update the status of the insurance industry’s Michael response.  Commissioner Altmaier responded that about 15 percent of the […]

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AOB Reform Advances Without Auto Glass Fix

AOB Reform Advances Without Auto Glass Fix

The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. You can learn more here. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers […]

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Altmaier Elected NAIC Vice President

Altmaier Elected NAIC Vice President

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 […]

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Happy New Year!

Happy New Year!

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 […]

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OIR Approves Workers Compensation Rate Decrease

OIR Approves Workers Compensation Rate Decrease

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 […]

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Recounts Leave Financial Services Commission Makeup Uncertain

Recounts Leave Financial Services Commission Makeup Uncertain

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 […]

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Election Day to Bring Changes to Governor and Cabinet

Election Day to Bring Changes to Governor and Cabinet

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 […]

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