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The House and Senate based a bill designed to more equitable handle insolvencies associated with long term care insurers. After passing both chambers without opposition, HB 673 goes to Governor Ron DeSantis for action. The bill largely follows the NAIC Model Act related funding long-term care insolvencies. In general, these insolvencies will be divided evenly […]
The Florida Office of Insurance Regulation (OIR) is hosting the next edition of its industry summit on October 24-25 in Tallahassee. The OIR has hosted several similar summits in the past to discuss emerging issues of interest to regulators and the insurance industry. Early versions of the summit concentrated on the form and rate filing […]
Florida’s Chief Financial Officer Jeff Atwater has named Sha’Ron James as the state’s Insurance Consumer Advocate effective August 3. Ms. James most recently has been the Director of the Division of Rehabilitation & Liquidation within the Department of Financial Services. “Sha’Ron’s experience holding insurance companies accountable and her in-depth understanding of the insurance industry raises […]
The 60-day Florida legislative session kicks off today. As always, the legislature will hear a number of bills related to property and casualty insurance as well as life and health insurance. Legislative committees already have been meeting and considering bills for the current session. In the property and casualty arena, the legislature may consider bills […]
The Florida Department of Financial Services recently highlighted the need for agents to updated their addresses in its Insurance Insights publication. In particular, DFS noted that many life and health agents work from home but lease the opportunity to use conference rooms for meeting with clients outside of their homes. In these cases, the agents […]
Insurance Commissioner Kevin McCarty welcomed a large group to Tallahassee on October 30, 2014, for the Office of Insurance Regulation’s 2014 industry conference entitled, “Navigating the Changing Insurance Environment.” The conference drew a large number of participants in person at the Florida State University Turnbull Conference Center, and others participated remotely through a live webcast. […]
Rich Robleto has agreed to return to OIR as Life and Health Deputy Commissioner. The OIR announced his return in a release dated March 12, 2014. He will officially begin the job on March 24. The announcement quoted Insurance Commissioner Kevin McCarty stating: “Rich Robleto is a seasoned professional with more than 30 years of […]
After the Affordable Care Act became law, Florida officials did not take steps to immediately implement it. Due in part to budget considerations and to hopes that it might be repealed or revised after the fall 2012 election cycle, Florida policymakers deferred preparations for the new law. Now the legislature has committees devoted to the task. The Office […]
Insurance Commissioner Kevin McCarty has named Wences Troncoso the OIR’s Deputy Commissioner for Life & Health Insurance. Mr. Troncoso follows Michelle Robleto. The Deputy Insurance Commissioner for Life & Health oversees the Financial Oversight and Product Review sections of the Office of Insurance Regulation. These sections cover areas including review and approval of forms and rates and […]
The Florida Office of Insurance Regulation (Office) has unveiled a new resource for allowing interested persons to provide input on life and health insurance form and rate filings. “Hearing the opinions of Florida’s consumers about proposed changes to their insurance is considered a top priority of the Office. This feature presents a suitable forum for those opinions […]
