FIC: Omnibus With FHCF, Auto Cancellation, Travel Insurance & More Passes 2nd House Committee

General

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FIC: Omnibus Limited To Salvage Title, WC PayPal, Deemer, And More And Auto Insurance Verification Removed

General

By:  Katrina Callaway, FIC General Counsel In the Senate Infrastructure and Security Committee on February 17, 2020, SB 1606, the only Senate insurance omnibus bill that is moving, picked up provisions from the second stalled omnibus bill via a strike all amendment (798258).  The provisions added to the bill are non-controversial and deal with administrative…

FIC: FIGA Condo Association Coverage Increase Clears Another Senate Committee

Property and Casualty

By:  Katrina Callaway, FIC General Counsel SB 898 increases the FIGA coverage limit and the FIGA emergency assessment maximum for condominium association and homeowners’ association FIGA claims.  The bill passed its second Senate committee on February 17, 2020 without amendment and has one committee left. Upon insurer insolvency, FIGA is currently obligated to pay an…