All Press Releases

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.

Tallahassee, Fla. – The Florida Office of Insurance Regulation (OIR) released the following statement today in support of Governor DeSantis' 2022-2023 Freedom First Budget: “Governor DeSantis continues to demonstrate his commitment to Florida insurance consumers through the Freedom First budget. Florida has one of the largest insurance markets in the world and this budget helps strengthen consumer protections and promote a more resilient market,” said Insurance Commissioner David Altmaier.

Tallahassee, Fla. - Today, Insurance Commissioner David Altmaier issued the following statement after Governor Ron DeSantis signed Senate Bill 2-D: “Florida’s property insurance market is one of the most complex in the world and I commend the leadership of Governor DeSantis, CFO Patronis, and the Florida Legislature for tackling market challenges head on to enact historic and comprehensive insurance reform. This legislation strengthens protections for Florida insurance consumers, provides greater tools to hold insurance companies accountable, and promotes the long-term stability of our market,” said Insurance Commissioner David Altmaier.

Tallahassee, Fla. - Monday, Florida legislators convened to review some of the most robust and significant property insurance reforms in decades to combat rising insurance costs. Senator Jim Boyd presented proposed legislation which balance pro-consumer measures, increase the transparency in insurance claims, and provide anti-fraud and legal reforms to stabilize the market. Read more on what they are saying below.

Tallahassee, Fla. - Today, the Florida Office of Insurance Regulation (OIR) released the following statement thanking Governor DeSantis for signing SB 1058, Property Insurer Reimbursements: “I commend Governor DeSantis, CFO Patronis, President Simpson, and Speaker Sprowls for their leadership on SB 1058. This legislation helps protect consumers by facilitating private market solutions for policyholders of unsound insurers and eliminating potential coverage gaps for collateral protection insurance policies. I am thankful to Senator Hutson and Representative Stevenson for spearheading this effort,” said Insurance Commissioner David Altmaier.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from Florida Farm Bureau General Insurance Company and Florida Farm Bureau 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 First Floridian Auto and Home 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 Kin Interinsurance Network and receive public comment on their proposed rate filings. The hearing information is available here.

The Florida Health Insurance Advisory Board will hold a public meeting via conference call to conduct regular and general business of the Board. WHEN: Wednesday, April 13, 2022, 2:30 PM ET

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from Citizens Property Insurance Corporation and receive public comment on their proposed rate filings. WHEN: Thursday, March 31, 2022, 1:00 PM ET

TALLAHASSEE, Fla. – Today, Florida Insurance Commissioner David Altmaier announced the appointment of Alexis Bakofsky as the Chief of Staff for the Florida Office of Insurance Regulation (OIR).

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from Southern Fidelity Insurance Company and receive public comment on their proposed rate filings. WHEN: Friday, January 21, 2021, 8:30 AM ET

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from Cypress Insurance Company and receive public comment on their proposed rate filings. WHEN: Friday, January 21, 2021, 12:00 PM ET

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from Centauri Insurance Company and receive public comment on their proposed rate filings. WHEN: Friday, January 21, 2021, 3:00 PM ET

TALLAHASSEE, Fla. - The Florida Office of Insurance Regulation (OIR) is highlighting the leadership efforts made in 2021 to protect Floridians. “Thanks to Governor DeSantis’ leadership, the steps taken this year highlight Florida’s commitment to protecting insurance consumers,” said Insurance Commissioner David Altmaier. “In one of the most complex markets in the world, Florida has continued to pursue insurance regulatory efforts and reforms that remain focused on consumer protection and provide meaningful long-term stability to our markets.” The following items highlight the actions taken in 2021.

The Florida Office of Insurance Regulation (OIR) released the following statement today in support of Governor Ron DeSantis’ 2022-2023 budget recommendations: “Governor DeSantis’ budget recommendations exemplify his commitment to protecting Florida consumers and businesses. The Freedom First Budget provides OIR with the necessary resources to continue to maintain a stable and competitive insurance market for consumers,” said Insurance Commissioner David Altmaier.

TALLAHASSEE, Fla. – Today, 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 4.9%. The rate decrease applies to both new and renewal workers’ compensation insurance policies effective in Florida as of January 1, 2022.