TALLAHASSEE — Florida Insurance Commissioner Mike Yaworsky is announcing the upcoming 2026 OIR Insurance Summit that will bring top regulators, consumer advocates, and industry executives together to discuss Florida’s insurance market. The Summit will be an essential gathering for industry executives, government affairs personnel, actuaries, and legal professionals seeking to understand the present and shape the future of insurance regulation. OIR is hosting the Summit on April 14-15, 2026 in Tallahassee. Early registration will open in January with more Summit details to follow.

 “Florida has one of the most complex insurance markets in the world and our upcoming Insurance Summit will bring together top experts, consumer advocates and regulators to discuss Florida’s evolving market,” said Commissioner Mike Yaworsky. “We have seen great success in Florida’s market recently, and we hope to build on this momentum. Our Summit will be an unparalleled opportunity to engage in additional forward-thinking solutions to stabilize the market, national insurance perspectives, the importance of resiliency, critical oversight components, and more. I encourage the industry to save the date and plan to join us this Spring in Tallahassee.”  

 Attendees will hear directly from high-level speakers from OIR, who will share important oversight details and transparency conditions. The Summit will also feature national perspectives of insurance regulators from across the country. OIR is urging those wishing to attend to save the date: April 14-15, 2026. The Office will provide registration details in early January. For more information, click here.

About the OIR The Florida Office of Insurance Regulation (OIR) has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit our website or follow us on X @FLOIR_comm.

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The Office of Insurance Regulation (OIR) said the penalties totaled $2,075,000 after market conduct examinations found multiple violations. Two additional reviews are pending, which may lead to further fines.

Officials emphasized that fines do not affect policyholder rates, unlike litigation costs that drove up premiums in past years. With the peak of the 2025 hurricane season approaching, Yaworsky said OIR will closely monitor insurer performance.

“As your Chief Financial Officer, I promised to hold insurance companies accountable if they do not uphold the agreements they make with their policyholders,” Chief Financial Officer Blaise Ingoglia said. “These fines are proof that we are committed to holding them accountable.”

Yaworsky said the state’s insurance market is stabilizing but insisted companies must meet standards. “It is important that consumers have confidence that they are getting what they pay for,” he said. “We want companies to thrive, but they must also be worthy of doing business in our state.”

OIR said its reviews found companies using unappointed adjusters, failing to acknowledge claims on time, not providing required disclosures, withholding the Homeowners Claims Bill of Rights, and failing to pay interest when owed. In one case, error rates topped 60 percent for Hurricane Ian claims and 80 percent for Hurricane Idalia claims involving missing disclosure statements. Some companies also failed to pay or deny claims within 90 days, as required.

The insurers fined were:

• American Coastal Insurance Company, $400,000
• American Mobile Insurance Exchange, $400,000
• Centauri Specialty Insurance Company, $100,000
• Clear Blue Insurance Company, $400,000
• Monarch National Insurance Company, $325,000
• Sutton National Insurance Company, $50,000
• Tower Hill Prime Insurance Company, $250,000
• TypTap Insurance Company, $150,000
• The office said its Market Conduct Unit finalized examinations of 10 insurers this year, with eight showing misconduct tied to hurricanes Ian and Idalia.

In fiscal 2023-24, OIR secured more than $8 million in consumer restitution and issued more than $2.8 million in fines. For the first quarter of 2025, it reported $660,450 in restitution.

The agency said it will continue to release examination findings as reviews are completed.

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