News & Updates

Office of Insurance Regulation

Citizens Rate Disparity Likely to Grow

Citizens Rate Disparity Likely to Grow

| Written By: Travis Miller | Insurance

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 […]

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Governor’s Proclamation Outlines Scope of Session

Governor’s Proclamation Outlines Scope of Session

| Written By: Travis Miller | Insurance

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) […]

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Florida Market Needs Lasting Reform

Florida Market Needs Lasting Reform

| Written By: Travis Miller | Insurance

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…. […]

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