Office of Insurance Regulation


State regulators say the 335,000 insurance claims filed by Hurricane Irma victims already outstrip the two storms that blasted Florida last year.

Stacy Young

When it comes to flood insurance in Florida most people agree on one thing – there’s not enough information.

Just ask Lori Medders, director of the catastrophic storm risk management center at Florida State University.

After three years of increases in Florida’s workers' compensation insurance rates, state regulators are recommending legislative action to bring costs back down. The Office of Insurance Regulation addressed its concerns in a report it released on Wednesday. 

On Jan. 1, the state saw a 6.1-percent workers' comp rate increase go into effect. It’s the third year in a row regulators have approved an increase, following several years of decreases.

Florida drivers could see a drop of up to 25 percent off their personal injury protection, or PIP insurance, rates, following reforms enacted earlier this year. That’s according to a report released on Tuesday. But, insurance regulators are cautioning that other factors could reduce the expected savings.