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The Florida legislature wants more oversight over financial institutions

The Florida legislature wants more oversight over financial institutions

by Caden DeLisa | Dec 21, 2023

The Florida Legislature is considering CS/HB 585, a bill requiring financial institutions to report to the Office of Financial Regulation (OFR) any actions taken to suspend, terminate, or restrict access to customer accounts. The legislation falls in line with the...
Financial tracking lapses identified within Department of Legal Affairs

Financial tracking lapses identified within Department of Legal Affairs

by Caden DeLisa | Dec 19, 2023

An operational audit published this month identified management issues within the Florida Department of Legal Affairs, particularly in handling the requirements of the Florida Single Audit Act (FSAA). Key areas of concern include failures in tracking financial report...
Insurance panel: legalization of marijuana could throw wrench in workers’ comp, auto insurance

Insurance panel: legalization of marijuana could throw wrench in workers’ comp, auto insurance

by Caden DeLisa | Dec 15, 2023

A panel at the Florida Chamber of Commerce’s Insurance Summit highlighted emerging issues in the state’s insurance industry due to the progression toward marijuana legalization. The panel largely focused on workers’ compensation and auto insurance,...
Reinsurance experts target raised capital, accurate assessments at Chamber summit

Reinsurance experts target raised capital, accurate assessments at Chamber summit

by Caden DeLisa | Dec 15, 2023

The Florida Chamber of Commerce’s Insurance Summit featured industry leaders discussing strategies to improve Florida’s reinsurance market. The panel discussed attracting more reinsurance capacity to Florida, especially in light of recent legislative...
CFO Jimmy Patronis announces $5.5 million legislative request during Insurance Summit

CFO Jimmy Patronis announces $5.5 million legislative request during Insurance Summit

by Caden DeLisa | Dec 14, 2023

Florida’s Chief Financial Officer Jimmy Patronis, speaking at the Florida Chamber of Commerce’s Insurance Summit, announced a request for $5.5 million in state funding. . This funding is intended for opening new DFS offices in major cities, enhancing staff...
Financial tracking lapses identified within Department of Legal Affairs

Associated Industries of Florida unveils 2024 legislative priorities, promoting economic growth across various sectors

by Caden DeLisa | Dec 14, 2023

The Associated Industries of Florida (AIF) unveiled its 2024 legislative session priorities on Thursday, encompassing various sectors such as economic development, agriculture, insurance, and healthcare. The business advocacy group placed focus on bolstering...
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