Office address: 200 E Gaines St, Tallahassee, FL 32399
Website: floir.com
Year established: 2003
Employees: 310+
Key people: Michael Yaworsky (commissioner), Kevin Jacobs (chief of staff), Sheryl Parker (deputy commissioner), Christina Jackson (deputy director), James Dunn (acting director), Alexander May (director)
Operating budget: $53 million (2024)
The Florida Office of Insurance Regulation (FLOIR) oversees the state’s $209 billion insurance market, regulating over 4,800 entities and safeguarding 213,000 jobs. In 2024, FLOIR returned millions to consumers and issued $2.8 million in fines.
Florida OIR was formed in 2003 to lead the state's oversight of insurers and health plans. It replaced the Florida Department of Insurance’s regulatory role to handle licenses, rate filings, and company solvency.
Since then, the department has taken on critical industry challenges and shaped major reforms across Florida’s insurance system. Here are some defining events that show Florida Office of Insurance Regulation’s role:
It also recently secured major funding to boost insurance resilience and modernize regulatory tools. These steps show Florida OIR’s growing role in shaping how Florida’s insurance market protects people and stays strong.
The Florida Office of Insurance Regulation operates under the Florida Insurance Code and Chapter 636, Florida Statutes. Its mission is to promote a stable and competitive insurance market for consumers. Some of its divisions include:
The FLOIR is led by the Florida Insurance Commissioner, currently Michael Yaworsky, appointed by the Financial Services Commission (FSC). The FSC comprises the governor, CFO, attorney general, and commissioner of agriculture.
The Florida Office of Insurance Regulation makes sure insurers follow the law and treat people fairly. Its mission is to promote a stable and competitive insurance market for consumers. Its duties include:
These tasks help FLOIR protect policyholders and keep the market steady. The agency works to keep insurance fair and strong.
Florida Office of Insurance Regulation is working to steady Florida’s insurance market, even as the state’s troubles begin to affect Louisiana. Its recent reforms have helped lower rate hike filings in 2024. These actions could now guide other states facing similar risks.
FLOIR recently authorized the transfer of 51,500 Citizens policies to private insurers as part of its depopulation strategy. This initiative aims to reduce the state’s reliance on Citizens and grow private market participation.
The department’s recent moves are helping calm Florida’s shaky insurance market. Its changes and policy shifts may guide other states soon.
The Florida Office of Insurance Regulation supports consumers through several tools and services. It provides the CHOICES rate tool to help people compare insurance rates. FLOIR also shares hurricane guides and checklists to support storm readiness.
The Division of Consumer Services manages complaints and insurance questions on the Florida Office of Insurance Regulation’s behalf. Support is available through a statewide helpline and email. These services help people get answers and solve problems with insurers.
It pushes private market growth with new approvals
American Dreams Auto Protect had nearly 900 in-force contracts and more than $2.2 million in unearned written premiums
It outlines new takeout rules for commercial policies
Tom Wilson urges other states to curb “fender-bender” lawsuits
The mutual insurer trims $125 million in premiums in the state, while hikes persist elsewhere
