News & Updates
Kevin McCarty
Florida Seeks Captives
OIR released an announcement on April 25, 2012 touting changes to its captives law after the implementing bill was signed by the Governor. The release noted that existing law had already created provisions authorizing the creation of U.S. domiciled captive insurers by establishing operational criteria and standards. This year’s legislation, House Bill 1101, added new […]
Regulators Help Finalize $500 Million Multistate Settlement with MetLife Insurance
Attempt to Circumvent PIP Reform Draws Policymakers’ Ire
The efforts of a Tampa company to solicit chiropractors to circumvent PIP reforms has drawn adverse reactions from legislators and insurance regulators. Governor Scott has not yet acted on the bill passed at the end of the 2012 legislative session, but he worked hard with legislators to pass the bill and is expected to sign […]
Reform for PIP Squeaks Through on Final Day of Session
After intense debate throughout the 2012 legislative session, the Florida House of Representatives and Senate reached a compromise on reforms for Florida’s Personal Injury Protection (PIP) auto insurance system. The bill and its reform proposals were the subject of considerable analysis and discussion prior to the session and throughout its two-month term. Insurance Commissioner Kevin […]
Quick action needed to bolster insurance
Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, Kevin McCarty, Citizens Property Insurance Corporation
Drug repackaging loophole pains Florida businesses
Florida Legislature, drug repackaging, Insurance Regulation News, workers' compensation, Kevin McCarty
McCarty Urges PIP Reform
Insurance Commissioner Kevin McCarty called for the Florida legislature to reform this state’s Personal Injury Protection (PIP) auto insurance laws at a media availability this afternoon. According to Commissioner McCarty, if the legislature does not act PIP rates will continue to rise to unsustainable levels, which ultimately would force repeal of the law. PIP reform […]
PIP System Needs to be Overhauled
PIP, Insurance Regulation News, Florida Legislature, Kevin McCarty
Committee OKs bill to whack doctors fees
Kevin McCarty, Insurance Regulation News, workers' compensation, Florida Legislature, Office of Insurance Regulation