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David Altmaier

Insurers prepare for Irma aftermath

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Insurance companies are prepared to meet Floridians’ needs after Hurricane Irma, state Chief Financial Officer Jimmy Patronis and Insurance Commissioner David Altmaier said Thursday.

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Lawmaker ties insurance changes with lower rates

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The chairwoman of the Senate Banking and Insurance Committee said Wednesday that customers of Citizens Property Insurance should receive rate reductions as the state-backed insurer takes steps to curb claims for water-damage repairs. Miami Republican Sen. Anitere Flores said during a hearing on proposed Citizens rate increases that South Florida policyholders are frustrated and have “lost trust” in the insurer.

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Jimmy Patronis is sworn in as Chief Financial Officer

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Former state Rep. and Public Service Commissioner Jimmy Patronis was sworn in Friday morning as the state’s fourth Chief Financial Officer. Patronis took the oath of office in the Governor’s office, given by Chief Justice Jorge Labarga, and standing next to wife Katie and sons Theo and Johnny. “Thank you for allowing me to partake in this incredible honor,” the Panama City Republican told them. “I look forward to keeping up the same standards and values that CFO (Jeff) Atwater…

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Office of Insurance Regulation veteran Belinda Miller announces retirement

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Belinda Miller, a stalwart of Florida’s insurance regulation efforts since 1985, will retire on July 2, but plans to keep her hand in the industry via consulting work. ”I’m going to retire from the state,” Miller said during a telephone interview Thursday. “It’s just time. I’ve been there a long time, so I’m going to play a little bit.” She expects to do some work for Celtic Global Consulting, the firm former Insurance Commissioner Kevin McCarty set up after he…

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House assignment of benefits bill clears final committee, headed to floor

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The House assignment of benefits fix cleared its last committee vote Wednesday, with co-sponsor James Grant conceding language addressing attorney fees and consumer choice in hiring contractors needs more work. “The Florida House is not going to tolerate inaction on it,” Grant said following the Commerce Committee’s 21-7 vote. “I think you’ll see pretty quick movement to the floor of the House, and I think you’ll see us move something over to the Senate to hopefully get their attention to…

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Personnel note: New deputies appointed at Office of Insurance Regulation

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The new deputy commissioner for property and casualty insurance in the Office of Insurance regulation is Susanne Murphy, Insurance Commissioner David Altmaier announced Tuesday. Eric Johnson becomes deputy for life and health insurance, Altmaier said. “Susanne has been an invaluable resource to the office since joining in 2013,” Altmaier said in a written statement. “Over those years, and especially over the past eight months, I have developed a deep respect for Susanne’s understanding of the Florida property market, her ability…

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With role on the line, NCCI insists: We’re not ‘an evil empire unto itself’

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The National Council on Compensation Insurance will take no position on a Senate bill that would require workers’ compensation carriers to propose their own rates to the Office of Insurance Regulation. “We don’t have an opinion in it. We operate in both environments,” Susan Donegan, chief regulatory services officer for NCCI, said in a telephone interview Monday. SB 1582 would shift Florida from a “fully administered” state to a “loss cost” system. That means that instead of proposing premium levels…

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