Florida Tort Reform 2023

Florida Governor DeSantis signed House Bill 837 into law, referred to by some as the “legal system abuse reform legislation,” bringing about long awaited relief to the insurance industry from predatory litigation that has fueled rising insurance prices.  The new law, made effective immediately: (1) Reduces from four years to two years a statute of […]

Mike Yaworsky named to be the next Commissioner of the Florida Office of Insurance Regulation

Michael Yaworsky is taking over as commissioner of Florida’s Office of Insurance Regulation after being appointed by Florida Gov. Ron DeSantis as interim insurance commissioner, replacing Commissioner David Altmaier who stepped down in December. Yaworsky, was Altmaier’s chief of staff from 2017 to December 2021, at which time he became the vice chair of the […]

Florida Insurance Commissioner David Altmaier Resigns After serving Six Years

The landmark legislation for the Florida property insurance market that passed the Florida Senate on December 12, 2022, is most likely the final major accomplishment for Florida Insurance Commissioner David Altmaier who submitted his resignation on December 15 (effective December 28, 2022).  Commissioner Altmaier has served as commissioner since 2016 and was the National Association […]

Florida Lawmakers Overhaul Property Insurance Law (12/12/2022)

Major legislation was passed by the Florida House of Representatives and Senate (SB 2-A) to revamp the Florida property insurance system. The new law creates a $1 billion reinsurance fund to provide critical support for carriers, many of whom have suffered in the violent storm seasons the past two years.  The session comes after Hurricane […]

Big Win for Florida Auto Insurers

The Florida Personal Injury Protection System, the bane of private passenger insurers who have deployed large amounts of capital to combat persistent fraud, took a turn in favor of the insurance industry.  This development did not come from a Florida Legislature striving to make the system work or trying to create an environment where insurance […]

David Altmaier named Florida Insurance Commissioner

It was announced today (April 29) that David Altmaier, Florida’s current Deputy Commissioner, Property & Casualty, has been unanimously approved by the Florida Cabinet for the position of Insurance Commissioner of the Florida Office of Insurance Regulation. Current Commissioner Kevin McCarty has served as Florida’s chief insurance regulator for over ten years.  He will remain in office […]