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%.
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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
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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.
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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
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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.
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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.
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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:
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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)
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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.
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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.
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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.
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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%.
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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.
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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.
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Published on 8/17/2016
