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June 21, 2018

Insurance

Citizens releases 2019 rate package, including request for 7.9 percent increase

Today, the Citizens Property Insurance Corporation's Board of Governors will be asked to approve a 2019 rate package that reflects the impact of skyrocketing nonweather related water loss claims in South Florida, a troubling trend that appears to be spreading to other parts of the state. Read more »
Published on 6/20/2018

Hurricane Irma Claims Data - as of June 12, 2018

This aggregate information is compiled from claims data filed by insurers. It has not been audited or independently verified and covers all claims based on filings received by the Florida Office of Insurance Regulation (OIR) as of June 12, 2018. Read more »
Published on 6/15/2018

Additional Workers' Comp Cost Reductions for Florida Businesses

On Wednesday, Florida Chief Financial Officer (CFO) Jimmy Patronis announced additional workers' compensation cost reductions that will save carriers an estimated nearly $20 million in 2019, allowing carriers to help further alleviate costs on Florida businesses. These reductions are a direct result of the sound financial management of the Workers' Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF), two funds that workers' compensation carriers contribute to. Read more »
Published on 6/14/2018

Florida Agents to Add Essential Hurricane Coverage

FAIA Offering Parametric Product to Eligible Members Read more »
Published on 6/7/2018

SUNZ Holdings, LLC Acquires Risk Consulting Company

SUNZ Holdings announced that it has acquired Risk Management America, LLC (“RMA”), an innovative risk management organization focused on improving workplace safety through health and safety consulting and asset protection services. Read more »
Published on 6/1/2018

OIR Approves Workers' Comp Insurance Rate Decrease

The Florida Office of Insurance Regulation announced today that it has approved a rate decrease for workers' compensation insurance in Florida. The 1.8% decrease was filed by the National Council on Compensation Insurance (NCCI) in a law-only filing resulting from the effects of the Federal Tax Cuts and Jobs Act. Read more »
Published on 5/1/2018

Insurance Institute for Business & Home Safety issues 'Rating of the States' report

In the 2018 edition of Rating the States from IBHS, Florida is ranked #1, but the report otherwise finds little progress in strengthening codes to ensure safety, community resilience Read more »
Published on 4/18/2018

Sarasota Memorial, BCBS reach contract agreement

On Friday, Sarasota Memorial Health Care System (SMHCS) reached a final agreement with Blue Cross and Blue Shield (BCBS) on a new, three-year contract that will go into effect April 1, 2018. This agreement allows patients enrolled in BCBS health-insurance plans to continue to have uninterrupted, in-network access to Sarasota Memorial Hospital, its network of urgent and outpatient care centers, and its First Physicians Group providers. Read more »
Published on 4/2/2018

Total number of insurance claims in Florida due to Hurricane Irma: 900,228

Florida's Office of Insurance Regulation has issued the latest figures. Read more »
Published on 2/14/2018

Anthem, Inc. Completes Acquisition of HealthSun

Anthem, Inc. (NYSE:ANTM) announced the completion of its acquisition of HealthSun, one of the fastest-growing integrated Medicare Advantage health plans and health care delivery networks in Florida. Read more »
Published on 12/28/2017

Florida Reemployment Tax Rate to Remain at its Lowest in 2018 for Third Year in a Row

On Thursday, Gov. Rick Scott announced that Florida businesses will continue to pay the lowest possible rate for reemployment taxes next year for the third year in a row. The minimum tax rate will remain at $7.00 per employee in 2018. Read more »
Published on 12/15/2017

Florida Office of Insurance Regulation Issues Orders Establishing 2018 Rates for Citizens

The Florida Office of Insurance Regulation (Office) has established the 2018 personal and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens). This action comes after a postponement in the rate filing review process due to the impact of Hurricane Irma and the issuance of an Emergency Order by the Office to assist consumers recovering from this storm. The Emergency Order expired on December 3, 2017. Read more »
Published on 12/7/2017

Florida Insurance Commissioner Approves a 9.5% Decrease to Florida's Workers' Compensation Insurance Rates

Florida Insurance Commissioner David Altmaier has issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5% and premium level decrease of 9.8%. Read more »
Published on 11/10/2017

FLOIR announces proposed rates for 2018 Federal PPACA Health Insurance Plans

Florida Office of Insurance Regulation has posted proposed rates for the Patient Protection and Affordable Care Act - aka the ACA or Obamacare Read more »
Published on 9/27/2017

Anthem to Acquire HealthSun, a fast-growing Medicare Advantage health plan

Anthem, Inc. announced that the company has entered into an agreement to acquire HealthSun, one of the fastest-growing integrated Medicare Advantage health plans and healthcare delivery networks in Florida. Read more »
Published on 9/21/2017

CoreLogic Analysis Estimates Property Damage from Hurricane Irma Between $42.5 Billion and $65 Billion

Approximately 80 Percent of Estimated Flood Damage is Uninsured Read more »
Published on 9/20/2017

CONSUMER ALERT: Know What You Are Signing for Repairs After Hurricane Irma

Insurance Commissioner David Altmaier is encouraging Floridians who are now dealing with the aftermath of Hurricane Irma and assessing damage to their homes and businesses to be aware of what they may be signing for repair work. Read more »
Published on 9/20/2017

After Irma, Report Losses Quickly and Protect Yourself from Unlicensed Individuals

Following the landfall of Hurricane Irma, many Floridians are now assessing their homes and property for damage and taking steps to make temporary repairs to prevent additional damage before filing insurance claims. CFO Jimmy Patronis and Insurance Commissioner David Altmaier encourage Floridians to be prompt in notifying their insurance companies and cautious of repair deals that sound too good to be true. Read more »
Published on 9/14/2017

CONSUMER ALERT: Managing the Post-Storm Insurance Claims Filing Process

As Hurricane Irma continues to impact Florida, residents affected by the storm will soon begin the process of surveying damages to their property and belongings. Chief Financial Officer Jimmy Patronis and Insurance Commissioner David Altmaier have the following tips to help consumers as they begin the process of filing insurance claims on damaged property and belongings: Read more »
Published on 9/12/2017

'Step Up For Students' Announces Record-Setting Support for Children

$61.2 million has been committed to the Florida Tax Credit Scholarship program, from Florida insurance companies. Read more »
Published on 8/30/2017

FOIR Statement on Annual Workers' Compensation Rate Filing

The Office of Insurance Regulation has received the 2018 Florida workers' compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 9.6%. Read more »
Published on 8/29/2017

Windshield-replacement schemes drive up Florida insurance rates

Windshield-replacement schemes are causing a spike in the price of auto insurance throughout Florida, the state's insurance commissioner has said. Read more »
Published on 8/22/2017

Florida Blue statement on plans for the individual Marketplace in 2018

For the individual market, Florida Blue plans to once again provide plans through the Marketplace in all 67 counties of the state, as we have every year since the Marketplace opened in 2014. Read more »
Published on 6/13/2017

Express Scripts and myMatrixx Combine To Offer Best-in-Class Pharmacy Services for Workers' Compensation Programs

Express Scripts Holding Co. said it has acquired a Florida firm focused on providing pharmacy benefits to those in workers' compensation programs. Read more »
Published on 5/19/2017

To Our members – Our Apologies for May Payment Issue

From Florida Blue: Earlier today we were notified of a payment processing issue that occurred over the weekend with one of our vendors. This issue resulted in some members' accounts being drafted multiple times for their May invoice. We are very sorry for the problems this is causing our members. We are addressing the situation as quickly as possible. Read more »
Published on 5/2/2017

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Scam nearly puts South Florida shoe company out of business
Scam nearly puts South Florida shoe company out of business

A South Florida entrepreneur who claimed he was scammed out of about $15,000 worth of merchandise is warning others and asking any potential victims to come forward. 

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