Tag: Florida Office of Insurance Regulation

Michael MolineJanuary 18, 2017
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9min743
Proposed reforms to Florida’s continuing care retirement community regulations ran into heavy flak Wednesday during an advisory council meeting, with the body’s president lamenting a breakdown of trust in the Office of Insurance Regulation. Joel Anderson, chairman of the Governor’s Continuing Care Advisory Council, complained that office staff unexpectedly unloaded a 61-page rewrite of the statute governing […]

Michael MolineJanuary 13, 2017
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5min321
Despite broad consternation over rising workers’ compensation insurance rates, Florida’s market is relatively stable and competitive, according to an analysis released Friday by the Office of Insurance Regulation. The market “is served by a large number of independent insurers and none of the insurers have sufficient market share to exercise any meaningful control over the […]

Michael MolineJanuary 12, 2017
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6min499
State regulators and an organization that proposes workers’ compensation coverage rates in Florida defended themselves in pleadings to a state appeals court this week, seeking to overturn a lower court ruling that they had violated open-government laws. Attorneys for the National Council on Compensation Insurance, or NCCI, submitted their arguments in a brief filed Wednesday with […]

Michael MolineDecember 9, 2016
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5min329
The public will suffer irreparable harm unless a state appeal court stays Florida’s 14.5 percent increase in workers’ compensation insurance premiums, attorneys challenging the increase said in court papers this week. The National Council on Compensation Insurance, or NCCI, “cannot possibly demonstrate a likelihood of prevailing on appeal with respect to the trial court’s detailed, well-reasoned […]

Staff ReportsDecember 7, 2016
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2min348
State regulators cleared three private insurance companies to assume policies now provided by Citizens Property Insurance Corp., Florida’s state-run insurer of last resort. Effective in February, Avatar Property and Casualty Insurance Co. can take nearly 11,000 commercial and personal residential policies. Safepoint Insurance Co. was cleared to accept 15,000 policies, and Southern Oak Insurance Co. […]

Michael MolineDecember 5, 2016
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6min344
Business leaders emphasized the risk rising workers’ compensation costs pose to Florida’s economic competitiveness during an Associated Industries of Florida-sponsored discussion Monday. “There are other governors competing against our governor for the next plant, the next manufacturing facility, the next high-tech jobs,” said Tom Feeney, president and chief executive officer of the business lobby. “They […]

Michael MolineNovember 23, 2016
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8min561
A circuit court judge Wednesday struck down a 14.5 percent increase in workers’ compensation insurance rates due to begin taking effect next month, ruling that a ratings agency violated the Sunshine Law in preparing its rate proposal. Judge Karen Gievers said the National Council on Compensation Insurance, or NCCI, failed to open its deliberations to the […]

Staff ReportsNovember 1, 2016
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3min407
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,” […]


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