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The Office of Insurance Regulation announced that rates for personal injury protection (PIP) coverage are projected to drop by an average of 13.2 percent. This analysis is based upon on a review of the rates of 20 insurers that comprise a majority of Florida market. It is important to note that PIP coverage makes up only a […]
The Florida Office of Insurance Regulation responded to Chief Financial Officer Jeff Atwater’s request for an analysis of whether insurers are reflecting reduced reinsurance costs in their rate filings. Based upon a detailed review of filings that have been made by insurers among Florida’s Top 30 in writings, the OIR has concluded that insurers indeed […]
The Senate Banking & Insurance Committee has advanced a bill intended to encourage private market flood coverage in Florida. The bill would allow insurers to offer flood coverage as stand alone policies or as endorsements to existing policies. At a minimum, the flood policies would have to include the deductible options available from the National […]
Chief Financial Officer Jeff Atwater will remain in his current position and will seek reelection. Atwater placed his name in consideration for the presidency of Florida Atlantic University. Atwater announced at the time that the decision was a difficult one for him and in no way reflected any diminished enthusiasm for his position as CFO. […]
Jeff Atwater, Chief Financial Officer, Florida Cabinet, Florida Department of Financial Services, Florida politics, Representative McKeel
Former state Chief Financial Officer Alex Sink has decided against another run for Governor. Sink lost a close race against Rick Scott in 2010 and was considering another run in 2014. Sink said she instead intends to continue her work with a nonprofit organization she created to assist young entrepreneurs.” After careful consideration, I have […]
Citizens Property Insurance Corporation has named two new members to its executive team. Board member John Rollins recently resigned from Citizens’ Board of Governors, stating that he wanted to avoid any conflict of interest as he considered future opportunities with Citizens or in the private sector. Rollins now has been named Citizens’ chief risk officer. […]
Florida Chief Financial Officer Jeff Atwater spoke before the Senate Banking & Insurance Committee to say that “standing still” on Florida property insurance issues is not an option. Atwater encouraged the committee to pursue legislation designed to reduce the potential assessment burden on all Floridians that would arise from deficiencies in the state-created insurance entities. […]
Chief Financial Office Jeff Atwater has suggested that the Governor and Cabinet, serving as the Financial Services Commission, oversee the selection of an Inspector General to review Citizens Property Insurance Corporation. Atwater also wants the Inspector General to report to the Financial Services Commission for at least 12 months. Governor Rick Scott recently called for […]
