Today, Insurance Commissioner Michael Yaworsky issued the following statement in support of Governor Ron DeSantis' 2024-2025 Focus on Florida's Future budget.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the People's Trust Insurance Company and receive public comment on their proposed rate filings.

Today, the Florida Office of Insurance Regulation (OIR) issued an update on the continued strengthening of Florida’s property and casualty insurance market, including that property insurance rate filings for 2024 show a downward trend for the first time in years, indicating the continued stabilization of the property insurance market. This news is a result of the continued prioritization of meaningful reforms to Florida’s property insurance market by Governor DeSantis, members of the Financial Services Commission, and the Florida Legislature.