All Press Releases

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.

Today, Governor Ron DeSantis nominated Michael Yaworsky as Commissioner of the Office of Insurance Regulation (OIR). Yaworsky is currently Vice Chair of the Florida Gaming Control Commission and previously served as Chief of Staff of OIR.

The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) noticed all of its Single-Family Sellers/Servicers with guidance on the acceptance of property insurance policies in Florida, in conjunction with the Florida Office of Insurance Regulation's (OIR) establishment of the Temporary Market Stabilization Arrangement.

The Florida Office of Insurance Regulation's (OIR) Office of Inspector General (OIG) will be undergoing an assessment by the Commission for Florida Law Enforcement Accreditation (CFA) in an effort to retain accredited status. On December 15, 2022, the CFA assessment team will examine all aspects of OIR's OIG Investigations Section, including policies and procedures, management, operations, and support services.

Following Governor DeSantis' Emergency Order 22-256, and pursuant to sections 252.63(1) and 627.4133(2)(d)1., Florida Statutes, the Florida Office of Insurance Regulation issued Emergency Order 302804-22 for Hurricane Nicole and Hurricane Ian.

This notice is a reminder that all health insurers, managed care organizations, 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. Please be governed accordingly.

Florida Insurance Commissioner David Altmaier issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall workers’ compensation insurance rate decrease of 8.4 percent. The rate decrease applies to both new and renewal workers’ compensation insurance policies effective in Florida as of January 1, 2023.

Recently, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis issued a consumer alert to warn Floridians about the dangers of electric vehicle fires caused by submersion in saltwater, which are associated with impacts from Hurricane Ian. The Florida Office of Insurance Regulation (OIR) is providing the consumer alert for insurers to share with policyholders.

Today, the Florida Office of Insurance Regulation (OIR) announced a plan to establish a temporary reinsurance arrangement through Citizens Property Insurance Corporation (Citizens) in the event of disruptive financial rating downgrades from Demotech, Inc. This unprecedented solution would allow insurers to meet an exception offered by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and ensures Floridians can maintain coverage during hurricane season.

Tallahassee, Fla. – The Florida Office of Insurance Regulation (OIR) has established the 2022 personal property and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens). OIR held a virtual public rate hearing to receive public comment on the filings on March 31, 2022. At the hearing, Citizens provided testimony in support of its rate recommendations and received comments from members of the public on the effects of the rate filings. Public comments were accepted for consideration on rate filings until April 14, 2022. Following a review of the complete record, OIR established rates for Citizens’ Coastal Account (CA), Commercial Lines Account (CLA), and Personal Lines Account (PLA). The effective date for new and renewal rates is September 1, 2022.