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The Florida legislature passed significant property insurance reforms in its December 2022 special session. Governor Ron DeSantis promptly signed these reforms into law, with many taking effect immediately upon the law’s effective date. However, a key change related to assignments of benefits (AOB) begins to have its real impact in the new year. For many […]
The new year will bring personnel changes at key insurance-related organizations in Florida. Perhaps most notably, Insurance Commissioner David Altmaier stepped down effective December 28, 2022. Commissioner Altmaier first joined the Florida Office of Insurance Regulation in 2008. He held several roles within the property and casualty financial oversight area, including Chief Analyst. He then […]
The Florida legislature will convene in a special session from December 12, 2022, through December 16, 2022. The special session is expected to include consideration of property tax relief for Floridians affected by Hurricane Ian as well as property insurance reforms. Governor Ron DeSantis has mentioned in recent weeks that he anticipated a special session […]
Incumbent Governor Ron DeSantis soundly defeated Charlie Crist in Florida’s race for Governor, leading a Republican sweep of the state’s top elected offices. Current Chief Financial Officer prevailed in his bid for another term, as did incumbent Attorney General Ashley Moody. They are joined by Republican Wilton Simpson, the outgoing Senate president who won an […]
In late May, the Florida legislature passed several measures intended to address continuing concerns with Florida’s residential property insurance market. Lawmakers commented that the new laws will not provide quick fixes; instead, the benefits might take 12-18 months to materialize. Unfortunately, this estimate might prove to be optimistic as two lawsuits have been filed challenging […]
The new year will get off to a fast start in Florida governmental affairs and promises to active at least until we approach the next holiday season. This year is an election year in Florida. This means the Florida legislature will meet early in the year, with the session beginning January 11. The 60-day session […]
The 2021 Florida Legislature spent several months evaluating property insurance reform proposals. The committee hearing process included testimony from Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation CEO Barry Gilway and many others. Despite these months of analysis, the primary property insurance reform bill (SB 76) was amended several times in the last week of […]
Governor Ron DeSantis has allowed Florida to move into Phase 2 of its gradual reopening plans. Phase Two includes the limited reopening of bars, movie theaters and entertainment venues. Phase Two also includes allowing increased capacity at most businesses that were allowed to open on a limited basis during Phase One. Phase Two marks a […]
Florida has moved into a full implementation of Phase 1 reopening. This follows a brief period in which the state reopened at a pace more conservative than most commonly described as Phase 1. Governor Ron DeSantis described the increase in Phase 1 activities as “things the state could have done but didn’t do initially.” In […]
The Florida Office of Insurance Regulation has issued Information Memorandum OIR-20-03M related to insurers’ business continuity plans and preparedness for the COVID-19 pandemic. The OIR issued the memorandum in response to Executive Order 20-51 issued by Governor Ron DeSantis establishing COVID-19 response protocols. Governor DeSantis also issued Executive Order 20-52 declaring a state of emergency […]
