Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements September 3, 2025 By William Rabb Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against eight property insurance companies...
Consultant Sheds Some Light on MGA Fee Report at Florida Legislative Hearing April 4, 2025 By William Rabb A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern...
Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website March 26, 2025 By William Rabb The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing...
Florida OIR Wants More Data, Warns Insurers About Concurrent Causation Denials February 24, 2025 By William Rabb As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new...
Florida OIR Approves Smaller Average Rate Increases for Citizens This Year February 10, 2025 By William Rabb Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate...
Security First, Amelia Underwriters Offering New Products in Warming Florida Market December 30, 2024 By William Rabb Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more – if limited –...
Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10 October 18, 2024 Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and...
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster April 30, 2024 By William Rabb Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust...
Florida OIR Says Enhanced Data Reporting on Hurricane Ian Claims is Due April 17 April 5, 2024 The Florida Office of Insurance Regulation is reminding carriers that additional data is due April 17 on Hurricane Ian claims....
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth February 22, 2024 By William Rabb When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it...