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As policymakers grapple with the use of Artificial Intelligence (AI) in regulated industries, Insurance Commissioner Mike Yaworsky has encouraged lawmakers to ensure the Office of Insurance Regulation (OIR) can oversee insurers’ AI use. “Responsible AI governance is crucial,” Commissioner Yaworsky recently told the Banking and Insurance Committee of the Florida Senate. Commissioner Yaworsky acknowledged that […]
The Florida Office of Insurance Regulation has proposed revisions to rule 69O-171.011, now referred to as the Property Claims Lifecycle Data Call. OIR intends to adopt the changes effective January 1, 2026. The updated form adopts reporting fields for information such as the firm of a plaintiff’s attorney, the jurisdiction of each case filed, and […]
The Florida Office of Insurance Regulation (OIR) has proposed revisions to administrative rule 69O-137.009 related to residential insurers’ policy data. The rule will adopt updates to the reporting format, which is set forth in a template identified as OIR-DO-1185. The report is commonly referred to as the Market Intelligence Report— a name adopted when former […]
The Florida Office of Insurance Regulation has proposed amendments to rule 69O-143.046 related to insurance holding company system filings. The proposed rule would adopt two new reporting forms– the “Group Capital Calculation 2024 Template” and the “NAIC Liquidity Stress Test Template.” The templates are based on NAIC models that have been adopted in most states […]
The Florida House of Representatives has passed a bill seeking to unwind key provisions of the 2022 insurance reforms that have led to recent improvements in the market. The House amended Senate Bill 832 to include a so-called “prevailing party” attorneys’ fee provision despite clear statements from the Office of Insurance Regulation, the Governor and […]
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, OIR, homeowners coverage, rate transparency, SB 888, rate comparison
The Florida legislative calendar typically ensures there’s no post-holiday haze as we return to work in the new year. This year’s session begins March 4, 2025, and lasts 60 days. This isn’t as early as some years— the session begins in January in even-numbered years. Still, committee meetings begin before the session starts so the […]
The Florida Office of Insurance Regulation (OIR) has published draft rule 69O-170.013 implementing the premium tax discount requirement adopted in the 2024 legislative session. The draft rule is substantially similar to emergency rule 69OER24-1 previously adopted by OIR. The Florida legislature granted emergency rulemaking authority to both OIR and the Department of Revenue to administer […]
The Florida Office of Insurance Regulation (OIR) has adopted emergency rule 69OER24-1 implementing a law passed at the end of the 2024 session providing premium discounts for residential policyholders. Under the new law, policyholders will receive discounts in amounts equal to the state premium tax and fire marshal assessments. Insurers will recover the discount amounts […]
As the new year begins, the Florida Office of Insurance Regulation (OIR) recently took the opportunity to recap notable changes in 2023. The new year marks almost one full year in office for Commissioner Mike Yaworsky, who was nominated for the position in February 2023 and formally appointed in March. Commissioner Yaworsky recapped the year […]
