December 7, 2022

Insurance

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

Citizens posts 2016 net loss

Citizens Property Insurance Corporation will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company's bottom line. Read more »
Published on 3/30/2017

Demotech suspends written financial guidance for Florida property insurers

Although the 57 property insurers that Demotech reviews, rates, and follows were able to respond to Florida's weather related damages during 2016, we suspend previously written guidance applicable to property insurers writing in Florida due to the recent judicial reversals of industry claims procedures which remain intact in other operating environments. Read more »
Published on 2/15/2017

Florida workers compensation a dividing issue

The fallout from the Florida workers' compensation rate hike is only just beginning and the posturing early on from stakeholders will help shape the collective response. Read more »
Published on 1/24/2017

Risk Strategies grows Florida presence with acquisition of Advanced Insurance Underwriters

Risk Strategies bolsters real estate expertise, growing Florida presence with acquisition of Advanced Insurance Underwriters Read more »
Published on 12/21/2016

Lumina Analytics brightens future with addition of attorney Jessica Dareneau to Tampa-based operations staff

On Dec. 13, Lumina Analytics announced the addition of attorney, Jessica Dareneau to its client services team staff in Tampa, Florida. Read more »
Published on 12/19/2016

AIF Workers' Compensation Task Force: 'Workers' compensation system concerns prove to be justified'

News release from the Associated Industries of Florida (AIF) Read more »
Published on 12/14/2016

Senate workers' comp overhaul promises to be a chore

Senate leaders are promising to take a comprehensive approach to overhauling Florida's workers' compensation system as business groups rail against a pending 14.5 percent rate hike. Read more »
Published on 12/14/2016

Litigated water claims, 'Assignment of Benefits' (AOB) to top Citizens 2017 challenges

Rising water claims and “out of control” litigation threaten the Citizens Property Insurance Corporation's long-term financial stability and will stifle efforts by Citizens to offer premium breaks to policyholders in 2017, Citizens leaders stressed during a governing board meeting on Wednesday. Read more »
Published on 12/8/2016

FOIR files notice of appeal in workers' compensation court case

The Florida Office of Insurance Regulation (Office) has filed a Notice of Appeal with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (NCCI)/Office court case. Read more »
Published on 11/30/2016

Office Takes Action on Workers' Compensation Insurance Rates

After a thorough review of the workers' compensation insurance rate filing submitted by the National Council on Compensation Insurance (NCCI) and careful consideration of hundreds of public comments and testimony received from interested stakeholders, the Florida Office of Insurance Regulation (Office) has issued an Order that gives contingent approval to an overall combined average statewide rate increase of 14.5% versus the requested 19.6%. Read more »
Published on 9/28/2016

HHS analysis shows Floridians will still have affordable health coverage options next year

An estimated 82% percent of Florida HealthCare.gov consumers could still purchase a plan for less than $75 per month, even if all final rates were to increase by double digits. Read more »
Published on 8/24/2016

Worker comp insurers looking for 19 percent rate hike

Insurance researchers are recommending a nearly 20 percent hike in workers compensation rates. The increase comes in the wake of recent court decisions. Read more »
Published on 8/17/2016

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