Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel The Florida Hurricane Catastrophe Fund Advisory Council received a report from the Fund’s actuaries during its meeting on March 17, 2020 showing rates for Fund coverage for 2020 are essentially level, with a rate on line of 7.02% for 2020 compared to a 7.06% rate on line for 2019.…
For Immediate Release: Monday, March 16, 2020 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 Department of Financial Services COVID-19 Activity Update March 16, 2020 TALLAHASSEE, Fla. – Today, the Florida Department of Financial Services (DFS) provided an update on activities regarding COVID-19. Read more
Governor Ron DeSantis Activates Emergency Bridge Loan Program for Small Businesses Impacted by COVID-19 On March 16, 2020, in News Releases, by Staff Tallahassee, Fla. – Today, Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program, managed by the Florida Department…
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INFORMATIONAL MEMORANDUM OIR-20-03M ISSUED March 16, 2020 Florida Office of Insurance Regulation David Altmaier, Commissioner TO ALL INSURERS AND ENTITIES REGULATED BY THE FLORIDA OFFICE OF INSURANCE REGULATION ~ Guidance for Business Continuity and Continuity of Operations Plans ~ In response to the Executive Order 20-51 issued by Governor Ron DeSantis establishing COVID-19 response protocols…
By: Katrina Callaway, FIC General Counsel The House organ transplant bill, HB 1187, passed the full House on March 9, 2020 by a vote of 117-0 and was sent to the Senate for approval. The Senate would not agree to the House bill and amended it to strip out the House language and replace it…
By: Katrina Callaway, FIC General Counsel The House passed two bills to the Senate containing their language prohibiting a condo unit owner’s property policy from allowing a unit owner to subrogate against the condo association if the association’s policy does not allow the association to subrogate against the unit owner. But, neither bill ultimately passed,…
By: Katrina Callaway, FIC General Counsel SB 1582, the asbestos trust claim bill, died on the last day of the 2020 Session because the House and Senate could not agree to language for the bill. The chambers passed language back and forth the last two days of the Session. The language the chambers could not…
By: Katrina Callaway, FIC General Counsel On March 9, 2020, full House approved HB 1193, a bill deregulating numerous professions and occupations. The bill includes changes to the membership of the Florida Building Commission which may be important to the property insurance industry. On March 12, 2020, the Senate took up the House bill,…
By: Katrina Callaway, FIC General Counsel On March 9, 2020, the Florida House adopted an amendment to a Senate glitch bill on business organizations, SB 838, dealing with how policyholders of mutual insurance company or mutual insurance holding company can vote. The amendment allows policyholders to vote in person, by mail, electronically, or other means…