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As the new year begins, the Florida Office of Insurance Regulation (OIR) recently took the opportunity to recap notable changes in 2023. The new year marks almost one full year in office for Commissioner Mike Yaworsky, who was nominated for the position in February 2023 and formally appointed in March. Commissioner Yaworsky recapped the year […]
The Florida Office of Insurance Regulation (OIR) will hold a public hearing at 10:00 a.m. on October 14 to receive input regarding the National Council on Compensation Insurance’s (NCCI’s) recent rate filing proposing an average decrease of 4.9%. According to NCCI, in 2020 the workers’ compensation insurance industry posted its fourth consecutive year of underwriting […]
workers' compensation, Insurance Regulation News, NCCI, OIR, Florida Office of Insurance Regulation
Office of Insurance Regulation, workers' compensation, Insurance Regulation News, COVID-19
workers' compensation, Insurance Regulation News, Florida First District Court of Appeal
Florida Legislature, workers' compensation, Florida Supreme Court, Insurance Regulation News, workers' comp fee caps
The Florida workers’ compensation insurance market presents interesting regulatory and legislative dynamics. Two Florida Supreme Court cases threatened to unravel some of the legislative reforms that helped reduce workers’ comp rates in this state. This prompted concerns among some policymakers that the legislative must revisit workers’ compensation laws to head off future rate increases for […]
Radey wishes all of our friends a happy and prosperous new year. As 2019 begins, Florida’s capital city will be embarking on a new era. Governor-elect Ron DeSantis will take office next week, succeeding Rick Scott who was Governor for eight years. Chief Financial Officer Jimmy Patronis returns, having been elected to the Cabinet office to […]
New Senate President Bill Galvano has signaled that the Senate might take up workers’ compensation reform notwithstanding that rates have decreased in the last two years. Galvano reasons that the recent downward trend in workers’ compensation rates might not be sustainable, and in fact might be followed by future rate increases, due to the Florida […]
