Recent News About Florida Office of Insurance Regulation View More
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The National Council on Compensation Insurance has filed a recommendation to the Florida Office of Insurance Regulation, requesting a statewide decrease for workers’ compensation premiums, a move the National Federation of Independent Business believes is both a warning sign and an indicator of progress.
The Florida Office of Insurance Regulation has approved higher rates for Citizens Insurance customers, but they are below initial estimates.
TALLAHASSEE -- The Florida Office of Insurance Regulation puts the responsibility of attaining lower automobile insurance in the hands of the drivers after the release of a national study by The Zebra shows Florida among the top three states with the highest rates.
TALLAHASSEE -- Although Florida’s assignment of benefits reform came into effect July 1, the state’s Office of Insurance Regulation sees a long road ahead before changes in the state’s insurance policy will trickle down to consumers.
TALLAHASSEE -- Florida residents pay the fourth highest auto rates in the nation — an average of $2,059 a year, a 2019 report has found. Watchdog group the Florida Justice Reform Institute (FJRI) says PIP, Florida’s personal injury protection mandate, bears much of the blame for the state's high rates.
Insurance industry officials in Florida have yet to see evidence a wave of costly third-party claims stemming from Hurricane Irma, but companies are bracing for an uptick in what’s called assignment-of-benefits (AOB) cases.
ORLANDO (Florida Record) – The Florida Legislature's upcoming 2018 session might be the time when state lawmakers finally address the assignment of benefits and other insurance-related scams in a post-Hurricane Irma environment, an insurance regulation attorney said during a recent interview.
Some Florida counties are seeing a major spike in auto glass litigation, generating fears that auto insurance premiums may follow the trajectory of rising property insurance rates in the state.