Governor Names Yaworsky New Florida Insurance Commissioner
Office of Insurance Regulation, Insurance Regulation News, Florida Cabinet, insurance commissioner, Michael Yaworsky
News & Updates
Office of Insurance Regulation
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 […]
Insurers Temporarily Blocked from Dropping Policies in Florida
Office of Insurance Regulation, Insurance Regulation News, David Altmaier, emergency order, Governor Ron DeSantis, Hurricane Ian, Insurance Regulation
Florida lawmakers expected to OK plan aimed at alleviating state’s property insurance woes
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Demotech, insurer ratings
Florida Ramps Up Oversight Into Hurricane Season
Office of Insurance Regulation, hurricane season, Insurance Regulation News, property insurance, David Almaier
State seeks to scuttle challenge to insurance law that places roofer restrictions
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, SB 76, roofing claims, Insurance Regulation
Citizens Rate Disparity Likely to Grow
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 […]
Florida Contractor Group Already Files Suit Challenging New AOB Fee Restrictions
Office of Insurance Regulation, hurricane season, Florida Legislature, Department of Financial Services, Insurance Regulation News, AOB Claims, Florida special session, Insurance Regulation
Governor’s Proclamation Outlines Scope of Session
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) […]
Florida Market Needs Lasting Reform
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…. […]