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Insurance Commissioner Kevin McCarty announced that Rebecca Matthews has been appointed as the Office of Insurance Regulation’s Chief of Staff. She has been serving as interim Chief of Staff since Audrey Brown’s departure in earlier this year. Ms. Matthews has been with the OIR since 2008. During her time with the agency, she has been involved […]
Citizens Property Insurance Corporation anticipates launching its clearinghouse on January 27, 2014, instead of January 2 as originally intended. Speaking before the Senate Banking and Insurance Committee, Citizens president Barry Gilway said that moving the date back “gives us the opportunity to conduct far more user-acceptance testing, and, with a much more degree of confidence when we […]
The Office of Insurance Regulation has issued an order adopting its profit and contingency factors for 2013. As set forth in the order, the OIR publishes the profit and contingency factors for insurers to use of they are unable to produce credible profit and contingency factors from their own data. The factors for key lines […]
Senator Wilton Simpson has filed a bill that would create a “Sinkhole Stabilization Repair Program” within Citizens Property Insurance Corporation. Senate Bill 416 would encompass sinkhole claims filed against Citizens and would require that the land and structure be stabilized by making repairs to the foundation of the damaged structure. The program would require repairs to be made by Citizens-approved contractors. The bill […]
The start of today’s meeting of the Senate Banking & Insurance Committee included an announcement from chairman David Simmons that Steve Burgess, the committee’s staff director, will be leaving to become Florida’s Insurance Consumer Advocate. Burgess has held the consumer advocate position previously, but most recently has been the committee’s staff director for the last five years. […]
David Simmons, chairman of the Senate Banking & Insurance Company, is expected to bring up a proposal for replacing PIP with mandatory bodily injury liability insurance at today’s committee meeting. Senator Simmons has scheduled PIP as a major part of today’s meeting, although no vote is expected on any proposal today. Possible topics arising from an alternative proposal include bodily […]
The Florida Office of Insurance Regulation announced that Rebecca Matthews will serve as its Interim Chief of Staff. Ms. Matthews currently serves as the Deputy Chief of Staff. Matthews succeeds Audrey Brown who had served as Chief of Staff since 2007. Ms. Matthews joined OIR in 2008. Her responsibilities have included government affairs, including legislative and Cabinet affairs, market research and […]
The off-again, on-again Personal Injury Protection (PIP) reforms from 2012 are in effect again. The First District Court of Appeal ruled this week that the plaintiffs challenging the PIP reforms lack standing to question the new law’s constitutionality. Accordingly, the court reversed the effect of an earlier non-final order temporarily enjoining the Florida Office of […]
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Former state Chief Financial Officer Alex Sink has decided against another run for Governor. Sink lost a close race against Rick Scott in 2010 and was considering another run in 2014. Sink said she instead intends to continue her work with a nonprofit organization she created to assist young entrepreneurs.” After careful consideration, I have […]
