Staff ReportsOctober 21, 2019
2min454
Bakofsky's appointment is effective Monday.
Tag: Office of Insurance RegulationBuccaneers QB Teddy Bridgewater. Image via AP.
Staff ReportsOctober 21, 2019
Drew WilsonSeptember 17, 2019
5min585
The Commissioner said about 12 percent of Hurricane Michael claims are still open.
Drew WilsonApril 11, 2019
3min333
"Florida without surplus lines insurance would look much different.”
Drew WilsonMarch 30, 2019
2min207
“We’re grateful to see lawmakers prioritizing updates that will increase efficiency and reduce unnecessary regulatory burdens.”
Staff ReportsFebruary 7, 2019
4min314
Fischer believes the bill "brings all the stakeholders to the table."
Michael MolineJanuary 15, 2019
7min374
'Artificial intelligence' already disrupting other industries
Michael MolineDecember 12, 2018
6min314
Governors of Florida’s last-resort property insurer voted Wednesday to seek an 8.3 percent average premium increase for 2019, amid calls for the Legislature to finally act on assignment of benefits abuse and litigation widely blamed for rising rates. Actuarial data would justify increases of 25.9 percent for residential coverage and 54.2 percent for commercial lines, […]
Guest AuthorSeptember 4, 2018
5min294
Nearly two-thirds of Florida residents say they have taken precautions in advance of the 2018 Hurricane Season, according to a poll by SurveyMonkey on behalf of the Property Casualty Insurers Association of America (PCI). A year ago, Hurricane Irma made landfall in the Florida Keys, inflicting major damage and leaving more than 15 million residents […]
Michael MolineJune 13, 2018
3min447
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. More than 90 percent of those lawsuits originated in South Florida. The state’s insurer of last resort fielded 4,287 legal claims in January through April, […]
Staff ReportsMay 1, 2018
3min605
Florida employers will see another workers’ compensation insurance rate decrease on June 1. The Office of Insurance Regulation approved a 1.8 percent decrease Tuesday. The move had been sought by the National Council on Compensation Insurance, which proposes workers’ compensation rates in the state. NCCI lowered insurers’ profit and contingency factor — essentially, their cut […]