News & Updates

NAIC

New Year Brings Key Personnel Changes

New Year Brings Key Personnel Changes

The new year will bring personnel changes at key insurance-related organizations in Florida. Perhaps most notably, Insurance Commissioner David Altmaier stepped down effective December 28, 2022. Commissioner Altmaier first joined the Florida Office of Insurance Regulation in 2008. He held several roles within the property and casualty financial oversight area, including Chief Analyst. He then […]

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FIO Requests Information on Climate Change

FIO Requests Information on Climate Change

The Federal Insurance Office (FIO) of the U.S. Department of the Treasury (Treasury) has issued a Request for Information (RFI) seeking public input on climate-related financial risks and their impact on the insurance industry. The RFI requests written comments from interested parties on or before November 15, 2021. As background, the FIO points out that […]

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Questions Remain After Property Bill Passes Late in Session

Questions Remain After Property Bill Passes Late in Session

The 2021 Florida Legislature spent several months evaluating property insurance reform proposals.  The committee hearing process included testimony from Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation CEO Barry Gilway and many others.  Despite these months of analysis, the primary property insurance reform bill (SB 76) was amended several times in the last week of […]

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Altmaier Takes Over as NAIC President

Altmaier Takes Over as NAIC President

Florida Insurance Commissioner David Altmaier takes over as president of the NAIC effective January 2, 2021.  Altmaier succeeds outgoing president Ray Farmer of South Carolina. Commissioner Altmaier has served as Florida’s Insurance Commissioner since 2016.  He previously held held several positions within the Florida Office of Insurance Regulation including Chief Analyst of the Property and […]

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Altmaier to Become NAIC President

Altmaier to Become NAIC President

In their recent fall meeting, members of the National Association of Insurance Commissioners (NAIC) elected Florida Insurance Commissioner David Altmaier as the NAIC’s next president.  Altmaier succeeds outgoing president Ray Farmer of South Carolina. Commissioner Altmaier has served as Florida’s Insurance Commissioner since 2016.  Prior to being named Florida’s commissioner, Altmaier has held several positions […]

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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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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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