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All Press Releases


  • Castle Key Indemnity Company Public Rate Hearing

    Published: Feb 20, 2024
    The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the Castle Key Indemnity Company and receive public comment on their proposed rate filings.
  • Amica Mutual Insurance Company Public Rate Hearing

    Published: Feb 19, 2024
    The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the Amica Mutual Insurance Company and receive public comment on their proposed rate filings.
  • NOTICE TO INDUSTRY: Florida Law Reminder for Early Prescription Refills

    Published: Jan 9, 2024
    This notice is a reminder that all health insurers, managed care organizations, pharmacy benefit managers and other health entities must comply with provisions of section 252.358, Florida Statutes, which allows for early prescription refills in the event the Governor issues an Executive Order declaring a State of Emergency. This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.
  • ICYMI: OIR Approves the Direct Acquisition of Trusted Resource Underwriters Exchange, Resulting in $1.25 Billion Capital Investment into Florida’s Insurance Market

    Published: Jan 5, 2024
    Recently, the Florida Office of Insurance Regulation (OIR) approved the acquisition of Florida domestic property and casualty reciprocal insurer, Trusted Resource Underwriters Exchange, to allow the existing company to grow its footprint in the state and expand its underwriting capacity. As a result of OIR’s approval of the acquisition, more than $1.25 billion of capital is being invested into Florida’s property and casualty insurance market.
  • Florida Insurance Commissioner Michael Yaworsky Highlights Efforts to Promote a Stable and Competitive Insurance Market During 2023

    Published: Dec 29, 2023
    Today, Florida Office of Insurance Regulation (OIR) Commissioner Michael Yaworsky highlighted accomplishments made in 2023 to promote a stable and competitive insurance market for Florida’s policyholders.
  • Insurance Commissioner Michael Yaworsky Issues Statement of Support for Governor Ron DeSantis’ FY 2024-2025 Focus on Florida's Future Budget

    Published: Dec 6, 2023
    Insurance Commissioner Michael Yaworsky released the following statement in support of Governor Ron DeSantis’ 2024-2025 budget recommendations
  • OIR Approves New Application to Form a Domestic Property Reciprocal Insurer

    Published: Nov 21, 2023
    The Florida Office of Insurance Regulation (OIR) approved Condo Owners Reciprocal Exchange to form as a property and casualty reciprocal insurer in Florida. Today’s announcement marks the newest property and casualty insurer approved to operate in Florida following extensive legislative reforms implemented to promote continued market stabilization. As a result of these reforms, Florida is seeing additional opportunities in the market for insurers to sell insurance.
  • OIR Approves an 15.1% Decrease in Workers' Compensation Insurance Rates for 2024

    Published: Nov 13, 2023
    Florida Insurance Commissioner Michael Yaworsky issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall workers’ compensation insurance rate decrease of 15.1 percent.
  • ICYMI: Governor Ron DeSantis Announces Implementation of Florida’s Prescription Drug Reform Act

    Published: Sep 19, 2023
    Governor Ron DeSantis and members of the Florida Cabinet approved rules to implement several provisions of the Prescription Drug Reform Act (SB 1550).
  • ICYMI: Updates for Florida Policyholders Following Hurricane Idalia

    Published: Sep 1, 2023
    Governor Ron DeSantis provided updates for Florida policyholders following Hurricane Idalia, including the issuance of an emergency order by the Office of Insurance Regulation (OIR) to protect policyholders impacted by the storm.
  • NOTICE TO INDUSTRY: Florida Law Reminder for Early Prescription Refills

    Published: Aug 26, 2023
    This notice is a reminder that all health insurers, managed care organizations, pharmacy benefit managers and other health entities must comply with provisions of section 252.358, Florida Statutes, which allows for early prescription refills in the event the Governor issues an Executive Order declaring a State of Emergency. This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.
  • OIR Approves Two Companies to Form as Property and Casualty Insurers in Florida Following Legislative Reforms

    Published: Aug 22, 2023
    Today, the Florida Office of Insurance Regulation (OIR) approved Orion180 Select Insurance Company and Orion180 Insurance Company to form as property and casualty insurers in Florida. Today’s announcement marks the third and fourth property and casualty insurers approved to operate in Florida following legislative reforms designed to promote market stability.
  • Florida’s Insurance Market Continues Growth Following Historic Reforms to Property & Casualty Market

    Published: Aug 14, 2023
    Today, the Florida Office of Insurance Regulation (OIR) is issuing an update to Floridians regarding the continued positive signs in growth to Florida’s insurance market. The announcements follow the enactment of several reforms to strengthen Florida’s property insurance market.
  • NOTICE TO INDUSTRY: Implementing Section 627.4108, F. S., Claims-handling manuals; submission; attestation

    Published: Jul 18, 2023
    The purpose of this informational memorandum is to notify authorized residential property insurers of a new requirement pursuant to Senate Bill 7052, which is now 2023-172, Laws of Florida. The bill provides emergency rulemaking authority for the purpose of implementing Section 627.4108, Florida Statutes, Claims-handling manuals; submission; attestation.
  • NOTICE TO INDUSTRY: Deadline to Request Policies for a November Citizens Takeout is July 28, 2023

    Published: Jul 12, 2023
    The Florida Office of Insurance Regulation (OIR) is sending this notice to all property and casualty insurers authorized to do business in Florida to remind them of upcoming deadlines for the Citizens Property Insurance Corporation (Citizens) Depopulation program.
  • Citizens Property Insurance Corporation Public Rate Hearing

    Published: Jun 6, 2023
    The Florida Office of Insurance Regulation will conduct a rate hearing to hear testimony from the Citizens Property Insurance Corporation and receive public comment on their proposed rate filings.
  • OIR Insurance Commissioner Yaworsky Appoints Deputy Commissioner of Market Regulation and Deputy Commissioner of Property and Casualty

    Published: Jun 5, 2023
    Insurance Commissioner Michael Yaworsky announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Property and Casualty.
  • ICYMI: Governor DeSantis Signs Consumer Protection Legislation to Support Florida Policyholders When Disaster Strikes

    Published: May 31, 2023
    Governor DeSantis signed three bills that strengthen Florida’s property insurance market, expand the state’s home hardening and hazard mitigation programs, and further protect consumers against bad actors.
  • ICYMI: State Leaders, Experts, and Seniors Participate in Pharmacy Benefit Manager Roundtable

    Published: Apr 25, 2023
    Today, Department of Elder Affairs Secretary Michelle Branham was joined by Agency for Health Care Administration Secretary Jason Weida, Florida Insurance Commissioner Michael Yaworsky, Florida pharmacists, and local seniors to discuss the issues surrounding Pharmacy Benefit Managers (PBMs) and the benefits of the proposed Prescription Drug Reform Act to Florida’s seniors.
  • OIR Approves Application to Form as an Authorized Domestic Insurer, Increasing Options for Consumers in Florida’s Property and Casualty Insurance Market

    Published: Apr 18, 2023
    The Florida Office of Insurance Regulation (OIR) has approved Tailrow Insurance Company’s application for the issuance of a permit to become an authorized domestic insurer and write homeowners mutli-peril line of insurance in Florida.