Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along with other changes that could affect insurance agents and insureds.
Here’s a look at some of the issues Florida lawmakers are considering as they convene in Tallahassee.
OMGs on MGAs
Newly sworn House Speaker Danny Perez, R-Miami, on Tuesday announced an investigation into property insurance carriers’ relationships with their managing general agents and other affiliated companies. The call for House hearings came a week after the Tampa Bay Times and Miami Herald reported that a 2022 analysis by the Florida Office of Insurance Regulation, made available only after a two-year wait on a public records request, suggests that insurers had diverted billions to affiliate companies while claiming financial hardship f