The Florida Office of Insurance Regulation (OIR) will hold a public hearing at 10:00 a.m. on October 14 to receive input regarding the National Council on Compensation Insurance’s (NCCI’s) recent rate filing proposing an average decrease of 4.9%. According to NCCI, in 2020 the workers’ compensation insurance industry posted its fourth consecutive year of underwriting […]
Florida State fans are accustomed to discussing rankings around this time of the year. Typically, the rankings being discussed pertain to football and are associated with the playoff picture or bowl games. This year, the football rankings are out the window, but another ranking warrants mentioning. FSU’s Dr. William T. Hold/The National Alliance program in […]
Governor Scott has signed SB 1422 into law, meaning that Florida has adopted the Own-Risk and Solvency Assessment (“ORSA”) reporting requirement. SB 1422 is now known as Chapter Law 2016-206. A companion bill, SB 1416 (now known as Chapter Law 2016-205), provides for the confidentiality of information contained in the ORSA reports. An Own-Risk and […]