News & Updates

Radey

OIR Adopts Emergency Rule Implementing Premium Tax Discounts

OIR Adopts Emergency Rule Implementing Premium Tax Discounts

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 […]

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Governor DeSantis Applauds Chevron Overruling

Governor DeSantis Applauds Chevron Overruling

Florida Governor Ron DeSantis applauded the United States Supreme Court’s recent ruling in Loper Bright Enterprises v. Raimondo, which overturned four decades of precedent known as the Chevron doctrine. As summarized in this firm’s July 1 post, the Chevron doctrine essentially meant that unless a congressional act was clear, courts were required to defer to […]

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U.S. Supreme Court Overturns Chevron Doctrine

U.S. Supreme Court Overturns Chevron Doctrine

On June 28, the United States Supreme Court overturned the longstanding Chevron doctrine, creating a new era in federal administrative law. The Supreme Court in Loper Bright Enterprises v. Raimondo determined that the federal Administrative Procedure Act requires courts to exercise independent judgment in reviewing whether an agency acted within its statutory authority in its […]

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Governor DeSantis Vetoes Cybersecurity Liability Protection Bill

Governor DeSantis Vetoes Cybersecurity Liability Protection Bill

Governor Ron DeSantis has vetoed House Bill 473 (HB 473) related to cybersecurity liability protection as passed by the Florida legislature in the 2024 regular legislative session. The bill would have provided that a county, municipality or other political subdivision substantially complying with standards and protocols under current law is not liable in connection with […]

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OIR Highlights Market Improvements

OIR Highlights Market Improvements

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 […]

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Market Showing Improvement in Small Steps

Market Showing Improvement in Small Steps

Almost a year ago, the Florida legislature passed significant reforms aimed at mitigating concerns in Florida’s residential property insurance market. At the time, the market was characterized by numerous insurer insolvencies, reduced appetites among admitted market insurers, rising rates and increasing reinsurance costs. At the time, policymakers urged patience because it would take months and […]

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Special Session Includes Post-Hurricane Relief

Special Session Includes Post-Hurricane Relief

The Florida legislature will convene this week in a brief special session addressing a limited number of topics. Among these, the legislature is expected to provide additional relief for areas affected by Hurricane Idalia and increase funding for the My Safe Florida Home program. Hurricane Idalia had a substantial impact on some of Florida’s rural […]

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OIR Advances Proposed Administrative Rules

OIR Advances Proposed Administrative Rules

The Florida Office of Insurance Regulation (OIR) has taken the next step toward adopting administrative rules implementing recent legislation. The Financial Services Commission (FSC) recently authorized the OIR to formally publish drafts of the rules as proposed rules. The FSC consists of Florida’s Governor, Chief Financial Officer and Attorney General. These elected officials comprise a […]

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OIR Issues Emergency Order Following Idalia

OIR Issues Emergency Order Following Idalia

The Florida Office of Insurance Regulation (OIR) has issued an emergency order in the wake of Hurricane Idalia. Emergency Order 315284-23-EO contains prohibitions on cancellation and nonrenewals similar to those following other hurricanes in recent years. The Emergency Order applies to the following counties: Alachua, Baker, Bradford, Citrus, Columbia, Dixie, Franklin, Gilchrist, Hamilton, Hernando, Hillsborough, […]

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