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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 […]
Office of Insurance Regulation, Insurance Regulation News, David Altmaier, emergency order, Governor Ron DeSantis, Hurricane Ian, Insurance Regulation
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Demotech, insurer ratings
property insurance, David Almaier, Office of Insurance Regulation, hurricane season, Insurance Regulation News
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, SB 76, roofing claims, Insurance Regulation
The disparity between Citizens Property Insurance Corporation’s rates and those in the admitted market is likely to grow. Premiums have increased significantly in the admitted market in recent years, driven by well-documented problems with inflated, represented and litigated claims. These concerns have been compounded by broader inflationary pressures in the economy, including supply chain disruptions […]
Office of Insurance Regulation, hurricane season, Florida Legislature, Department of Financial Services, Insurance Regulation News, AOB Claims, Florida special session, Insurance Regulation
Governor Ron DeSantis’ proclamation declaring a special session on property insurance identifies its scope and provides insight into the upcoming debate. The proclamation specifies the special session will consider (a) property insurance, (b) reinsurance, (c) changes to the Florida Building Code to improve the affordability of property insurance, (d) the Office of Insurance Regulation, (e) […]
The residential insurance market in Florida has experienced years of deterioration resulting in decreased availability of private market options, reductions in coverage and rising insurance premiums. As has been well established by the Florida Office of Insurance Regulation and others, Florida never really had a sinkhole problem, a mold problem, or a water damage problem…. […]
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Florida Cabinet, homeowners, David Altmaier, roof claims
