OIR Media Advisory: NCCI Public Rate Hearing

MEDIA ADVISORY FOR IMMEDIATE RELEASE: October 1, 2019 Contact Information: Karen Kees, (850) 413-2515, press@floir.com   National Council on Compensation Insurance (NCCI) Public Rate Hearing WHO:               National Council on Compensation Insurance (NCCI) WHAT:             The Florida Office of Insurance Regulation (OIR) will conduct a public hearing to discuss NCCI’s proposed overall statewide average workers’ compensation premium decrease…

FIC: Shared Savings Program Rules Proposed

By:  Katrina Callaway, FIC General Counsel The OIR recently published draft rules and forms for the health insurance health shared savings program.  The rules and forms are attached.  A rule workshop on them is set for October 7th at 10:10 am in Tallahassee where the OIR will accept public comment on them. The shared savings…

FIC: Property Insurance Market & Hurricane Update Given to Senate Committee

By:  Katrina Callaway, FIC General Counsel On September 17, 2019, Insurance Commissioner Altmaier presented an update on the residential property insurance market and hurricane update to the Senate Banking and Insurance Committee.  His presentation can be found here. He presented evidence showing the Florida admitted residential property insurance market is composed of 6.2 million policies…