House pressing on with workers’ comp reform
Office of Insurance Regulation, Florida Legislature, workers' compensation, Insurance Regulation News
News & Updates
Office of Insurance Regulation
OIR Approves Workers Compensation Rate Reduction
The Florida Office of Insurance Regulation has issued a Final Order approving a 9.5% overall rate reduction and 9.8% premium level decrease for the National Council on Compensation Insurance (NCCI). This reduction applies to new and renewal policies effective as of January 1, 2018. “I am pleased that today’s approval of NCCI’s rate filing will […]
OIR Conducts Public Hearing on Workers’ Compensation Rates
The Florida Office of Insurance Regulation is holding a public hearing today to discuss NCCI’s proposed overall statewide average workers’ compensation premium decrease of 9.6%. The rate filing includes a statewide average rate decrease of 9.3% and a reduction of the fixed expense cost applicable to every workers’ compensation policy in Florida from $200 to […]
OIR Updates Irma Response
Insurance Commissioner David Altmaier provided updates to the Florida Senate and House of Representatives committees responsible for overseeing insurance issues. Commissioner Altmaier began by summarizing steps the OIR took prior to Hurricane Irma to prepare for the event and provide information to insurers. These steps included press releases and other consumer-oriented communications, outreach to insurers […]
Florida on Alert for AOB Abuse as Irma Recovery Begins
Office of Insurance Regulation, Insurance Regulation News, property insurance, assignment of benefits, AOB Claims, Hurricane Irma
OIR Issues Emergency Order
The Florida Office of Insurance Regulation has issued an emergency order in the wake of Hurricane Irma. The order broadly applies to the insurance industry in Florida and is not limited to property insurers. At a high level, the order extends time periods that otherwise would apply for up to 90 days following Hurricane Irma. […]
OIR Names Chief of Staff
Mike Yaworsky will be joining the Florida Office of Insurance Regulation as chief of staff, succeeding Belinda Miller. Mr. Yaworski most recently has worked as an attorney with the Georgia Department of Insurance and previously worked in the Georgia Senate President Pro Tem’s Office. Mr. Yaworsky is familiar with Tallahassee, having received his undergraduate degree from Florida […]
Court Sides With NCCI, OIR in Workers’ Compensation Rate Dispute
Florida’s First District Court of Appeal reversed a Leon County circuit judge’s order in its entirety and sided with the National Council on Compensation Insurance (NCCI) and the Florida Office of Insurance Regulation (OIR) in upholding a 14.5% workers’ compensation rate increase. NCCI submitted rate filings to OIR responding to Florida Supreme Court decisions invalidating […]
OIR Publishes Information on AOB
The Florida Office of Insurance Regulation has posted information pertaining to the assignment of benefits (AOB) issue on its website at: http://www.floir.com/Sections/PandC/AssignmentofBenefits.aspx The web page includes media coverage of the issue as well as the OIR’s projections of the rate impact on Floridians over the next five years if legislative reforms are not enacted. The […]
OIR Names Deputy Commissioners
The Florida Office of Insurance Regulation has announced new deputy commissioners for property and casualty insurance and for life and health insurance. The OIR has named Susanne Murphy as the deputy commissioner for property and casualty insurance. Ms. Murphy has substantial experience in insurance regulation, as well as with Florida’s residual property insurance market Citizens […]