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.