Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel On May 24, 2019, HB 337, the bill to increase the county court jurisdictional threshold, was signed into law by Florida Governor Ron DeSantis. The bill also includes a provision moving up the effective date of the attorney fee provision in the AOB bill. The court jurisdiction part of…
By: Katrina Callaway, FIC General Counsel Governor Ron DeSantis signed the AOB reform bill, HB 7065, on May 23, 2019, one day after receiving the bill on his desk. The bill makes significant changes to assignment of benefit agreements in an effort to curb costs and litigation in property insurance claims. One of the most…
FOR IMMEDIATE RELEASE May 23, 2019Contact Info: Karen Kees, (850) 413-2515, press@floir.com Commissioner Altmaier Applauds Governor DeSantis for Signing AOB Reform TALLAHASSEE, Fla. —Today, Florida Office of Insurance Regulation Commissioner David Altmaier released the following statement following the Governor’s signature of House Bill 7065: “Governor DeSantis continues to demonstrate his strong commitment to Florida consumers…
By: Katrina Callaway, FIC General Counsel In an unexpected turn of events and out of the blue, on May 23, 2018, the new Florida Supreme Court issued an 5-2 opinion receding from a 2018 decision that retained the “Frye” standard of determining expert witness reliability even after the Florida legislature enacted the “Daubert” standard in…
By: Katrina Callaway, FIC General Counsel The AOB bill (HB 7065) was sent to the Governor on May 22, 2019. He has until June 6th to sign the bill, veto it, or let it become law without signature. We expect he will sign the bill and will let you know when it is signed. Additionally, HB…
FHCF May 2019 Bonding Capacity.pdf
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on May 16, 2019 and learned the FHCF is still in good financial shape despite losses to the Fund in 2017 from Hurricanes Irma and in 2018 from Hurricane Michael. During the meeting, the…