October 26, 2020
Insurance
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
Until the wind blows: Floridians have choices for property insurance
Floridians now have more choices than just state-run Citizens.
Read more »
Published on 6/28/2016
Citizens Board approves 2017 rates
Citizens Board of Governors on Wednesday approved recommended rates for 2017 that respond to rising non-weather water losses and assignment of benefit abuse that left unchecked will force rate hikes for years to come.
Read more »
Published on 6/23/2016
Citizens Property Insurance releases 2017 Rate Media Kit
Citizens Property Insurance Corporation's Board of Governors on Wednesday will be asked to approve a 2017 rate package that reflects the impact of skyrocketing non-weather 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 6/22/2016
Florida health insurance rate changes
Jonathan Gold, Press Secretary at the U.S. Department of Health and Human Services issued the following statement on Florida health insurance rate changes.
Read more »
Published on 5/25/2016
FOIR approves removal of up to 15,000 policies from Citizens for July 2016 take-out
The Florida Office of Insurance Regulation (Office) has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance Corporation (Citizens) for the July 19, 2016 take-out period.
Read more »
Published on 5/5/2016
Health Insurance Marketplace gained 731,000 new Floridians
Newly released data also shows active shoppers saved $260 in Florida.
Read more »
Published on 3/15/2016
Florida Is the state with the 3rd-highest uninsured rate post-Obamacare
With the third open-enrollment period for health insurance upon us and 11.7 percent of the U.S. population still lacking coverage, the personal finance website WalletHub conducted an in-depth analysis of 2015's States with the Highest & Lowest Uninsured Rates.
Read more »
Published on 11/10/2015
Florida property insurers pass hurricane 'stress tests'
Florida Office of Insurance Regulation Stress test data reconfirms the financial strength of Florida home insurers.
Read more »
Published on 10/27/2015
