Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret.
Now the news organizations are publishing the complete report.
The existence of the 2022 “Affiliated Fee Analysis” of insurer profits and losses, performed for the state Office of Insurance Regulation by Risk & Regulatory Consulting, LLC, has been publicly known since early 2025, drawing widespread interest and some criticism even though relatively few people have ever seen it. The analysis explored payments and practices that might obscure insurers’ true financial health, undermining the work of regulators while generating higher premiums for policyholders…