All Press Releases

Biennial Examination of Pharmacy Benefit Managers

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 This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.

Florida Insurance Commissioner Mike Yaworsky highlights a year of achievements by the Florida Office of Insurance Regulation (OIR). This year, significant progress has been made in stabilizing the property insurance market, strengthening Florida’s health insurance market, and delivering tangible results to Florida consumers.

Florida Insurance Commissioner Mike Yaworsky is affirming that Florida’s property insurance market is stable, as demonstrated by the recent rating upgrades for three Florida special tax bonds. Moody’s Ratings recently upgraded ratings for several Florida assessment-backed special tax bonds, including Florida’s Hurricane Catastrophe Fund, Citizen’s Property Insurance Corporation and the Florida Insurance Guaranty Association.

Florida Insurance Commissioner Mike 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 1.0 percent.

Floridians seeking assistance regarding cancellation or nonrenewal of policies should email copies of pertinent documents to OIR at HU-PCMR@FLOIR.com.

Extension of Grace Periods; Limitations on Cancellations and Nonrenewals

Today, after Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky announced additional encouraging developments related to the state’s strengthening property insurance market. The news follows announcements by Progressive, and State Farm and the approval of multiple new property insurers since the state’s 2023 landmark reforms.

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 This mandate remains in effect until the Governor’s Executive Order is rescinded or expires.

The Office of Insurance Regulation (OIR) reminds all Property & Casualty (P&C) insurers of the importance of preparedness and compliance with all provisions of the Florida Insurance Code. The following highlights important regulatory requirements and best practices to ensure efficient and proper claims handling pursuant to Florida law.

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.

Today, just four days after Hurricane Debby made landfall along the Big Bend, Florida’s Insurance Commissioner Michael Yaworsky announced several positive developments related to the state’s strengthening property insurance market. The news follows announcements by State Farm and the most recent approval of the a ninth new property insurer, Trident Reciprocal Exchange, since the state’s 2023 landmark reforms.

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.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the First Protective Insurance Company and receive public comment on their proposed rate filings.

Today, Insurance Commissioner Michael Yaworsky issued the following statement in support of Governor Ron DeSantis' 2024-2025 Focus on Florida's Future budget.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the People's Trust Insurance Company and receive public comment on their proposed rate filings.