Tag: Florida Office of Insurance Regulation

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,” […]

Michael MolineOctober 31, 2016
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1min369
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
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4min351
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 25, 2016
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4min334
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 […]


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