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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 […]
On July 1, 2025, Florida Senate Bill 108 (“SB 108”) took effect, which makes several changes to the rulemaking provisions of Florida’s Administrative Procedures Act. These changes aim to streamline processes, enhance transparency, and improve public engagement and participation in an agency’s rulemaking process. Some of the more notable changes are as follows: Mandates that […]
On July 14, 2025, the U.S. Department of Labor announced significant updates to the penalty and debt collection procedures in the Occupational Safety and Health Administration’s (“OSHA”) Field Operations Manual. The new guidelines seek to minimize burdens on small businesses while also encouraging prompt hazard abatement. Click here to read OSHA Updates Penalty Guidelines to […]
CFO, Insurance Regulation News, Chief Financial Officer, Radey, radeylaw, Florida Department of Financial Services, Governor Ron DeSantis, Blaise Ingoglia
Governor Ron DeSantis continues to support the property insurance reforms adopted in late 2022. This is not surprising considering that following the reforms existing insurers have increased their appetites for additional policies, rate levels have moderated and started to decline, approximately 14 new companies have entered the market, and Citizens Property Insurance Corporation has seen […]
On July 10, 2025, the Florida Supreme Court issued its decision in Steak N Shake, Inc. v. Ramos, resolving conflicting appellate court rulings about the administrative prerequisites for bringing a discrimination claim under the Florida Civil Rights Act (“FCRA”). The FCRA requires individuals to file a complaint with the Florida Commission on Human Relations (“FCHR”) […]
Starting January 1, 2026, employers will see major improvements to the federal tax credit for providing Paid Family and Medical Leave (PFML). These changes, part of H.R. 1, aim to encourage more businesses to offer paid leave benefits by expanding tax credit opportunities for companies that buy PFML insurance. Click on the link below to […]
Florida lawmakers have not yet reached agreement on a budget proposal for the fiscal year beginning July 1 prompting a further extension of the current session until June 30. The primary responsibility of the Florida legislature each year is to adopt a state budget. The budget then is presented to the Governor for action. Although […]
With one week to go in Florida’s regulation legislative session, it appears the scheduled 60 days might not be enough. The legislature’s primary responsibility each year is to pass a state budget for presentation to the Governor. However, due to “philosophical differences” between the House of Representatives and the Senate, key legislators say there’s not […]
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 […]
