By Anita Byer, Setnor Byer Insurance & Risk Florida lawmakers just passed sweeping property insurance reforms to repair the state’s crumbling property insurance market. The Florida Legislature convened a second special legislative session in mid-December to address the current property insurance crisis. While significant reforms were...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers will be paying less for workers’ compensation insurance in 2023. The Florida Office of Insurance Regulation approved an overall average statewide decrease of 8.4 percent in workers’ compensation insurance premiums. The rate decrease will apply to...
By Anita Byer, Setnor Byer Insurance & Risk Florida’s property insurance market is in the midst of a crisis. According to the Insurance Information Institute, Florida’s domestic property insurers had net underwriting losses of more than $1 billion in both 2020 and 2021. In 2022, an...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the risk of a residential fire more than doubles on Thanksgiving Day? In fact, … The average number of residential fires is 2.3 times higher on Thanksgiving than all other days of the year. ...
By Anita Byer, Setnor Byer Insurance & Risk At a glance… The EEOC released a new mandatory workplace poster – Know Your Rights: Workplace Discrimination is Illegal – to replace the previous EEO is the Law poster. The new poster includes various changes, including the addition...
By Anita Byer, Setnor Byer Insurance & Risk At a glance… The Department of Labor is proposing a new rule to determine whether a worker is an employee or an independent contractor under the Fair Labor Standards Act. The proposed rule rescinds the 2021 Independent Contractor...
By Anita Byer, Setnor Byer Insurance & Risk October is Cybersecurity Awareness Month. This year’s theme, See Yourself in Cyber, is meant to communicate the fact that cybersecurity ultimately depends on people. Although cybersecurity can be an incredibly complex topic, in most cases, your organization’s best...
By Anita Byer, Setnor Byer Insurance & Risk It’s time for Cybersecurity Awareness Month 2022! For nearly twenty years, October has been recognized as Cybersecurity Awareness Month. It was created as a collaborative effort between government and private industry to help individuals stay safe and secure...
By Anita Byer, Setnor Byer Insurance & Risk Thieves in search of precious metals have caused catalytic converter thefts to soar nationwide. The National Insurance Crime Bureau analyzed insurance claims involving catalytic converters and found a dramatic increase in the number of thefts across the United...
By Anita Byer, Setnor Byer Insurance & Risk In case you forgot, Florida’s minimum wage is increasing by $1 at the end of the month. On September 30, 2022, Florida’s minimum wage will increase to $11 per hour. The minimum wage for tipped employees, which must...