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Florida’s Chief Financial Officer (CFO) Jimmy Patronis has issued directive 2020-07 allowing the Department of Financial Services to issue agent licenses even if the testing requirement is not met. CFO Jimmy Patronis commented, “The licensing of insurance agents came to a complete standstill when a testing vendor shut their doors due to COVID-19. This has […]
The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. You can learn more here. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers […]
Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]
The Florida Cabinet consists of the state’s Chief Financial Officer, Attorney General and Commissioner of Agriculture. Together with the Governor, these officers serve as the agency head for several Florida agencies including the Office of Insurance Regulation and Office of Financial Regulation. Florida is in a unique position this year because Election Day guarantees to […]
The Florida Office of Insurance Regulation has issued a Final Order approving a 9.5% overall rate reduction and 9.8% premium level decrease for the National Council on Compensation Insurance (NCCI). This reduction applies to new and renewal policies effective as of January 1, 2018. “I am pleased that today’s approval of NCCI’s rate filing will […]
Governor Rick Scott announced today that he has appointed Jimmy Patronis as Florida’ next Chief Financial Officer. Patronis will be officially sworn in Friday, June 30, 2017, coinciding with the resignation date of current CFO Jeff Atwater. Atwater announced his resignation earlier this year and will become a vice president at Florida Atlantic University. The swearing […]
Jimmy Patronis, Florida Department of Financial Services, Governor Rick Scott, Florida Cabinet, Jeff Atwater, CFO
Florida Chief Financial Officer Jeff Atwater has announced that June 30 will be his last day on the job, coinciding with the end of Florida’s fiscal year. Atwater is leaving his CFO position to become a vice president at Florida Atlantic University. Atwater previously announced his resignation as of the end of the 2016 legislative […]
Florida politics, CFO Jeff Atwater, Governor Rick Scott, Insurance Regulation News, CFO
The state’s search for a new insurance commissioner to replace outgoing commissioner Kevin McCarty will continue into April. The four-member Financial Services Commission (Governor and Cabinet) is responsible for selecting the next commissioner by majority vote, with the caveat that the Governor (Rick Scott) and Chief Financial Officer (Jeff Atwater) must be on the prevailing side. The […]
