All Press Releases

The Florida Office of Insurance Regulation will conduct a rate hearing to hear testimony from NCCI and receive public comment on their proposed workers' compensation insurance rate change for all new and renewal workers’ compensation insurance policies written in the voluntary market in Florida, effective January 1, 2021. WHEN: Tuesday, October 13, 2021 1:00 PM

The Florida Office of Insurance Regulation will conduct a rate hearing to hear testimony from First Community Insurance Company and receive public comment on their proposed rate filings. WHEN: Tuesday, September 22, 2020 9:00 AM

The Florida Office of Insurance Regulation (OIR) announced today that premiums for Florida individual major medical plans in compliance with the federal Patient Protection and Affordable Care Act (PPACA) have been approved for the 2020-2021 plan year. Following OIR’s rate filing review, the average statewide approved rate change on the Exchange is +3.1 percent, beginning January 1, 2021.

TALLAHASSEE, Fla. – The Office of Insurance Regulation (OIR) has received the 2021 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 5.7%. The new rates would become effective January 1, 2021. As always, OIR will review the filing to ensure the proposed changes are not excessive, inadequate or unfairly discriminatory and evaluate its potential effects on the insurance marketplace and employers, who are required by law to carry this insurance on their employees.

The Office of Insurance Regulation (OIR) has received the 2021 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of -5.7%. The new rates would become effective January 1, 2021.

The Office of Insurance Regulation will conduct a rate hearing to hear testimony from Edison and receive public comment on proposed homeowners’ insurance rate changes.

TALLAHASSEE, Fla. – Florida Insurance Commissioner David Altmaier issued an Order on Rate Filing today to the National Council on Compensation Insurance (NCCI) requesting an amended filing to reduce workers’ compensation rates by -7.5 percent for 2020.

The Florida Office of Insurance Regulation (OIR) will conduct a public hearing to discuss NCCI’s proposed overall statewide average workers' compensation premium decrease of 5.4%.

The Office of Insurance Regulation (OIR) has received the 2020 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 5.4%. The new rates would become effective January 1, 2020.

The Florida Office of Insurance Regulation (OIR) will conduct a rate hearing to receive public comment on Citizens Property Insurance Corporation (Citizens) proposed rate changes for its business in the Coastal Account (CA), Commercial Lines Account, and Personal Lines Account (PLA).

The Florida Office of Insurance Regulation (Office) signed a consent order that allows the twentieth reinsurer, VALIDUS REINSURANCE, LTD., to post reduced collateral and operate in Florida as an eligible reinsurer. This consent order makes VALIDUS REINSURANCE, LTD. the eighteenth Bermuda reinsurer to operate in Florida with similar terms. Bermuda reinsurers provide more than 60% of the private market reinsurance to Florida’s domestic insurers. The other two eligible reinsurers are from Germany and the United Kingdom.

The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the nineteenth reinsurer, Endurance Specialty Insurance, Ltd. ("Endurance"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Endurance the seventeenth Bermuda reinsurer to operate in Florida with similar terms. The other two eligible reinsurers were from Germany and the United Kingdom.

Office Allows Bermuda Reinsurers Ariel Reinsurance Company Ltd. and DaVinci Reinsurance Ltd. to Operate with Reduced Collateral

The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the thirteenth reinsurer, Aspen Insurance Limited ("Aspen"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Aspen the twelfth Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany.

The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the twelfth reinsurer, Arch Reinsurance Ltd. (Arch), to post reduced collateral and operate in Florida as an eligible reinsurer. This agreement makes Arch the eleventh Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany.