In 2021, as a result of increases in private equity firms’ investments in insurers, particularly life and annuity insurers, and growing interest among state insurance regulators about the role of private equity firms in the...more
The Florida Office of Insurance Regulation today announced a plan to develop a temporary reinsurance arrangement through Citizens Property Insurance Corp. in light of recent comments from Demotech Inc. regarding possible...more
The Florida Office of Insurance Regulation has released an informational memorandum regarding the implementation of the new Reinsurance to Assist Policyholders (RAP) program....more
The Florida Legislature wrapped up its special session on property insurance reform yesterday, overwhelmingly passing legislation to reform the property insurance market and unanimously passing reforms to enhance the safety...more
The Florida special session on property insurance reform kicks off today. Below are highlights of some of the proposals lawmakers will consider....more
Florida wrapped up its 2022 legislative session on March 14 with one proposed bill that did not make it across the finish but is expected to receive continued attention in the 2023 session. The proposal would establish a new...more
The NAIC Special Committee on Race and Insurance is moving full steam ahead in 2022, with a packed agenda during the April NAIC Spring 2022 National Meeting in Kansas City....more
The Florida Legislature adjourned the 2022 session on Monday, March 14. Though the Legislature was unable to reach a consensus on a major property insurance reform bill, it did pass a handful of insurance-related bills, which...more
The Florida Office of Insurance Regulation (OIR) announced that it will host a rules workshop for public comments regarding its development of a rule to implement Ch. 2021-77, Laws of Florida. As a result of the passage of SB...more
The Florida Office of Insurance Regulation conducted a rate hearing last week to discuss the National Council on Compensation Insurance's (NCCI) proposed overall average statewide workers’ compensation premium decrease of...more
The Florida Office of Insurance Regulation released an informational memorandum on Friday to all health insurers and managed care organizations authorized to do business in Florida to provide guidance regarding new disclosure...more
Studying whether to include offering a wellness program as part of a long-term care insurance policy? Your homework should include reviewing what is happening at the legislative and regulatory levels and the NAIC....more