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Staff ReportsNovember 1, 2016

Associated Industries of Florida moved Tuesday to build public support behind a fix for rising workers’ compensation insurance rates that business interests see as a threat to the state’s economy. The lobby solicited comments from the public “on how Florida can restore a stable, self-executing, and affordable workers’ compensation system as the Florida Legislature intended,” […]

Michael MolineOctober 31, 2016

Hurricane Matthew-related insurance claims have surpassed 100,000, with losses valued at $606 million. According to information posted on the Florida Office of Insurance Regulation website Monday morning, the total claims filed as of Friday totaled 100,589. They included 85,473 residential property claims; 4,872 for commercial property; and 4,245 involving federal and private flood insurance. Claims […]

Michael MolineOctober 26, 2016

The Florida Office of Insurance Regulation has no plans to draft its own legislative fix for rising workers’ compensation rates, but that doesn’t mean regulators are ignoring the problem, Insurance Commissioner David Altmaier said Wednesday. “We expect to be actively involved in that conversation,” Altmaier told reporters as his office’s biannual industry conference wound down. […]

Michael MolineOctober 26, 2016

Cracking down on shady contractors and attorneys is the Florida Office of Insurance Regulation’s top priority for the 2017 legislative session, but officials made clear Wednesday they intend to protect consumers’ rights in drafting their proposals. “It’s our No. 1 priority, but we would like to fix it in a surgical way,” Caitlin Murray, the […]

Michael MolineOctober 25, 2016

The head of the National Flood Insurance Program conceded Tuesday the program has stumbled in responding to natural disasters, but said he has already begun changes intended to emphasize service to its customers. “If you want to know where the National Flood Insurance Program has stumbled, it’s when we no longer put the customer first,” […]

Michael MolineOctober 25, 2016

Florida Insurance Commissioner David Altmaier outlined his legislative priorities Tuesday during an industry conference, promising above all to work with industry stakeholders in drafting responses to market pressures. “One of my highest priorities — higher than any of the legislative initiatives I just mentioned — is to make sure as we move forward with those […]

Michael MolineOctober 24, 2016

The number of insurance claims following Hurricane Matthew has now surpassed 91,000, with estimated losses rising to $549 million. The grand total is 91,212, according to data posted Monday morning on the Florida Office of Insurance Regulation’s website. The numbers were good as of late Friday afternoon. Volusia County led in claims, at 26,664. Next came […]

Michael MolineOctober 19, 2016

The number of Floridians with health insurance has grown by nearly 760,000 since the Affordable Care Act took effect, in part reflecting an increase of nearly 113 percent in the individual coverage market. The number of uninsured in Florida declined from 3.9 million at the end of 2013 to 3.2 million at the end of […]

Staff ReportsOctober 14, 2016

The Florida Department of Insurance Regulation has posted a buyer’s guide for people shopping for Medigap insurance. Officials moved Friday, in advance of the open enrollment period that begins this weekend for Medicare Advantage. “The office recently revised the rate information in this system to reflect the current pricing of these products by health insurance companies […]

Staff ReportsOctober 10, 2016

Hurricane Matthew has generated nearly 5,000 insurance claims involving losses of $21 million, state regulators said Monday. They cautioned the results are preliminary, reflecting just three days of claims data — Friday through Sunday. “As many displaced consumers return to their communities and homes to assess damage and initiate the claims process, these numbers will increase […]

Tag: Florida Office of Insurance Regulation

Associated Industries seeks public comment on workers’ comp rates

Hurricane Matthew insurance claims climb to $606 million

David Altmaier promises active role in workers’ compensation debate

Insurance regulators provide additional details of legislative priorities

Flood insurance chief concedes his program failed to put customers first

David Altmaier outlines legislative priorities at insurance conference

Hurricane Matthew insurance claims now worth nearly $550 million

ACA boosts Florida’s health insurance rate, but there are problems

State helps Floridians comparison shop for Medigap insurance

Insurance claims begin to mount following Hurricane Matthew