News & Updates

Office of Insurance Regulation

Atwater, Ausley to Face Off for CFO Position

Atwater, Ausley to Face Off for CFO Position

Republican Senator Jeff Atwater and Democrat Loranne Ausley did not have to await Tuesday’s primaries to know they would be facing off in the race to follow Alex Sink as Florida’s Chief Financial Officer.  Although it initially appeared Atwater would have a primary opponent, Atwater’s formidable fundraising and campaigning long ago sealed his place as the […]

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NCCI Submits Workers’ Compensation Filing

NCCI Submits Workers’ Compensation Filing

The National Council on Compensation Insurance (NCCI) has filed a proposed 8.3% workers’ compensation rate increase with the Office of Insurance Regulation with an effective date of January 1, 2011.  The proposed change change consists of a 3.4% increase due to a change in experience, a 3.9% increase due to a change in trend, and a […]

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OIR Discusses Confidentiality of Administrative Supervision

OIR Discusses Confidentiality of Administrative Supervision

Insurance Commissioner Kevin McCarty has written a letter to The Heartland Institute responding to recent suggestions that the Office of Insurance Regulation should have made information about Northern Capital Insurance Company available to the public sooner than it did.  Northern Capital was subject to administrative supervision by the Office of Insurance Regulation, but the company’s financial […]

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Reduced Regulation for Florida Service Contracts

Reduced Regulation for Florida Service Contracts

The Governor’s recent approval of SB 2176 might be best known for its provisions streamlining commercial insurance rate filings, or perhaps for its “Safeguard or Seniors” annuity provisions that have been championed by Chief Financial Officer Alex Sink.  However, for Florida’s service agreement industry, the most significant changes appear in a series of amendments to […]

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