All Press Releases

Insurance Commissioner Michael Yaworsky released the following statement in support of Governor Ron DeSantis’ 2024-2025 budget recommendations

The Florida Office of Insurance Regulation (OIR) approved Condo Owners Reciprocal Exchange to form as a property and casualty reciprocal insurer in Florida. Today’s announcement marks the newest property and casualty insurer approved to operate in Florida following extensive legislative reforms implemented to promote continued market stabilization. As a result of these reforms, Florida is seeing additional opportunities in the market for insurers to sell insurance.

Florida Insurance Commissioner Michael Yaworsky issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall workers’ compensation insurance rate decrease of 15.1 percent.

Governor Ron DeSantis and members of the Florida Cabinet approved rules to implement several provisions of the Prescription Drug Reform Act (SB 1550).

Governor Ron DeSantis provided updates for Florida policyholders following Hurricane Idalia, including the issuance of an emergency order by the Office of Insurance Regulation (OIR) to protect policyholders impacted by the storm.

This notice is a reminder that all health insurers, managed care organizations, pharmacy benefit managers and other health entities must comply with provisions of section 252.358, Florida Statutes, which allows for early prescription refills in the event the Governor issues an Executive Order declaring a State of Emergency. This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.

Today, the Florida Office of Insurance Regulation (OIR) approved Orion180 Select Insurance Company and Orion180 Insurance Company to form as property and casualty insurers in Florida. Today’s announcement marks the third and fourth property and casualty insurers approved to operate in Florida following legislative reforms designed to promote market stability.

Today, the Florida Office of Insurance Regulation (OIR) is issuing an update to Floridians regarding the continued positive signs in growth to Florida’s insurance market. The announcements follow the enactment of several reforms to strengthen Florida’s property insurance market.

The purpose of this informational memorandum is to notify authorized residential property insurers of a new requirement pursuant to Senate Bill 7052, which is now 2023-172, Laws of Florida. The bill provides emergency rulemaking authority for the purpose of implementing Section 627.4108, Florida Statutes, Claims-handling manuals; submission; attestation.

The Florida Office of Insurance Regulation (OIR) is sending this notice to all property and casualty insurers authorized to do business in Florida to remind them of upcoming deadlines for the Citizens Property Insurance Corporation (Citizens) Depopulation program.

The Florida Office of Insurance Regulation will conduct a rate hearing to hear testimony from the Citizens Property Insurance Corporation and receive public comment on their proposed rate filings.

Insurance Commissioner Michael Yaworsky announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Property and Casualty.

Governor DeSantis signed three bills that strengthen Florida’s property insurance market, expand the state’s home hardening and hazard mitigation programs, and further protect consumers against bad actors.

Today, Department of Elder Affairs Secretary Michelle Branham was joined by Agency for Health Care Administration Secretary Jason Weida, Florida Insurance Commissioner Michael Yaworsky, Florida pharmacists, and local seniors to discuss the issues surrounding Pharmacy Benefit Managers (PBMs) and the benefits of the proposed Prescription Drug Reform Act to Florida’s seniors.

The Florida Office of Insurance Regulation (OIR) has approved Tailrow Insurance Company’s application for the issuance of a permit to become an authorized domestic insurer and write homeowners mutli-peril line of insurance in Florida.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the Cypress Property & Casualty Insurance Company and receive public comment on their proposed rate filings.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from American Strategic Insurance Corp. & ASI Preferred Insurance Corp. and receive public comment on their proposed rate filings.

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

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the Kin Interinsurance Network and receive public comment on their proposed rate filings.

Today, the Financial Services Commission appointed Michael Yaworsky as the Insurance Commissioner for the Florida Office of Insurance Regulation (OIR). Michael Yaworsky has served as Interim Insurance Commissioner since being nominated by Governor DeSantis in February 2023.