Florida Insurance Council - Covering Florida Since 1962
For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 20, 2020—The U.S.’s auto, home, and commercial insurers have the financial resources to meet its obligations during the COVID-19 crisis, according to a presentation the Insurance Information Institute (Triple-I) delivered to state regulators. Read more
STATE OF FLORIDA OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-72 (Emergency Management – COVID-19 – Non-essential Elective Medical Procedures) WHEREAS, Novel Coronavirus Disease 2019 (COVID-19) is a severe acute respiratory illness that can spread among humans through respiratory transmission and presents with symptoms of cough, fever, and shortness of breath; and Read more
For Immediate Release: Friday, March 20, 2020 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 CFO Patronis: We Must Prepare for State Revenue Impacts of COVID-19 TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis sent the following letter to Governor Ron DeSantis, Florida Senate President Bill Galvano, and Florida House Speaker Jose Oliva on the…
STATE OF FLORIDA OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-69 (Emergency Management-COVID-19 – Local Government Public Meetings) WHEREAS, on March 1, 2020, I issued Executive Order 20-51 directing the Florida Department of Health to issue a Public Health Emergency as a result of COVID-19; and Read more
For Immediate Release: Thursday, March 19, 2020 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 CFO Patronis: DFS is Bringing Government to Life Remotely TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis announced the Florida Department of Financial Services (DFS) is operating remotely. Read more
Statement from Majority Leader Passidomo on 2020 Legislative Session Accomplishments Tallahassee — Florida Senate Majority Leader Kathleen Passidomo (R-Naples) today released the following statement regarding the successes of the 2020 Florida Legislative Session. Read more
Statement by Senate President Bill Galvano on the 2020 Legislative Session State Budget Invests in Florida’s Teachers, State Employees, Affordable Housing and Environment, Enhances State Reserves to Prepare for COVID-19 Impacts Tallahassee — Florida Senate President Bill Galvano (R-Bradenton) today released the following series of statements regarding the 2020 Regular Session of the Florida Legislature.…
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By: Katrina Callaway, FIC General Counsel On March 17, 2020, staff of the Florida Hurricane Catastrophe Fund (FHCF) gave a hurricane reimbursement and financial update to their Advisory Council. As of February 29, 2020, the FHCF has reimbursed insurers almost $3.8B for Hurricane Irma claims and expects to reimburse $6B. For comparison purposes, the industry…
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.…