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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.…
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…
If you are a current FIC Member, but have not registered for access to this site, please complete the Member Access Registration Form. Once it is completed, received and membership verified you will be sent your member credentials.
If you are not a FIC Member, please email Vicky Dingwell at vdingwell@flains.org.
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,…