Florida Office of Insurance Regulation News

Florida Commissioner Announces Appointment of Chief of Staff, Deputy Chief of Staff

Florida Insurance Commissioner Kevin McCarty announced Rebecca Matthews has been appointed chief of staff for the state’s Office of Insurance Regulation. Matthews has been serving in the interim chief of staff capacity since Oct. 25, 2013, when then-chief of staff …

Florida Approves 6.3% Increase In Citizens Homeowners Rates

Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies will see a 4.4 percent increase – or …

Floridians Encouraged to Buy Flood Insurance Before Hurricane Season Gets Underway

Florida Insurance Commissioner Kevin McCarty is encouraging Floridians to make preparations now for the upcoming 2013 hurricane season by purchasing flood insurance. Flood insurance is administered through the National Flood Insurance Program (NFIP) and is available to homeowners, renters and …

Florida Extends ‘Fast Track’ Policy Form Approval

Florida insurance regulators are extending a process that fast tracks approval of insurance company forms. The Office of Insurance Regulation (OIR) says the extension until June 2013 is necessary due to limited resources and a backlog of requests. Insurance Commissioner …

Florida’s OIR Deputy Chief of Staff Gets Expanded Role

Florida Insurance Commissioner Kevin McCarty announced last week that Rebecca Matthews, deputy chief of staff at the Florida Office of Insurance Regulation, will direct the government affairs initiatives, which includes both legislative and cabinet affairs. Her new government affairs role …

Florida Online Home Insurance Tool Now Compares Auto Rates, Too

The Florida Office of Insurance Regulation has expanded its online homeowners insurance rate comparison program, Choices, to include the auto insurance. The program allows consumers to select among three standard risks for statutorily required coverages, or for more comprehensive coverages. …

Florida Workers’ Compensation Market Remains Healthy: State Report

The state’s annual report on workers’ compensation insurance says Florida’s market is “competitive,” and availability of coverage is not a significant problem. The Office of Insurance Regulation issued the report. The clean bill of health contrasts with problems plaguing Florida’s …

Florida Resurrects Insurance Rate Comparison Web Site

Florida residents will soon have a Web site tool to help them compare homeowners insurance coverage. The Florida Office on Insurance Regulation is launching an interactive computer program called the Consumer HomeOwners Insurance Comparison Electronic System, or CHOICES. Consumers can …

Florida Approves 18.8% State Farm Rate Increase

Florida Insurance Commissioner Kevin McCarty has approved a statewide average 18.8 percent rate increase in State Farm’s homeowners’ policies, which is roughly 10 percent below the 27.9 percent it initially requested. The new rates will apply to new policies effective …

Florida Insurance Office Announces Staff Changes

Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR). Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the director of Life & Health Financial Oversight and has …