Florida Insurance Commissioner David Altmaier News

Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims

Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers recovering from the major storm that devastated the Florida Panhandle in October. Florida …

Florida Picks Up the Pieces from Powerful Hurricane Michael

It has been just over a month since Hurricane Michael slammed the Florida Panhandle as a Category 4 hurricane with wind speeds reaching just shy of Category 5 status. The devastation from the storm that killed at least 35 people …

States Urge Insurers to ‘Spread the Word’ on Flood Insurance to Boost Sales

It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance commissioners from Florida, South …

Regulators, Industry Seek to Keep Florida AOB Abuse In Check After Michael

In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake of Hurricane Michael and working …

Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village

Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The order by Florida Insurance …

Florida Regulator Urges Insurers to Respond Quickly After Michael, Says 500K Insureds At Risk

Fast-moving Hurricane Michael is expected to be a significant storm for the Florida Gulf Coast, and the state’s top insurance regulator says the insurance industry is ready to respond to whatever destruction it may bring. “Through Hermine, Matthew and Irma …

Florida Insurance Chief Warns of AOB Scams as Storm Gordon Lingers Over Gulf Coast

Florida’s top insurance regulator has issued a warning to residents facing damage from Tropical Storm Gordon, the first major storm to impact the state in the 2018 Hurricane Season. Florida Insurance Commissioner David Altmaier, an outspoken critic of ongoing assignment …

Florida Insurance Regulator Launches New Information Subscription Service

The Office of Insurance Regulation (OIR) has introduced a new subscription service where consumers and other interested parties can sign up and receive their choice of communications from the Florida Office of Insurance Regulation (OIR). This includes notifications about important …

Florida Office of Insurance Regulation Appoints New Chief of Staff, Deputy Commissioners

Florida Insurance Commissioner David Altmaier has appointed Michael Yaworsky as the new chief of staff for the Florida Office of Insurance Regulation (OIR), replacing former Chief of Staff Belinda Miller, who retired at the beginning of July. Miller worked at …

Private Insurers Cautiously Dip Toes Into Florida Flood Market Waters

Florida’s efforts in establishing a private flood insurance market have been hailed as a model by many other states looking to buff up their flood insurance offerings, as well as the National Flood Insurance Program (NFIP) to follow as lawmakers …