FHCF Summary and Data Call form 10-15-18
10-15-18 Summary Changes FHCF Insurer Reporting Rule.pdf
FHCF Hurricane Michael Reimbursement Information
By: Katrina Callaway, FIC General Counsel During a meeting of the Florida Hurricane Catastrophe Fund (FHCF or Fund) Advisory Council last week ahead of Hurricane Michael making landfall, Anne Bert, the Chief Operating Officer of the Fund gave the following report on Hurricane Michael which was rapidly approaching Florida: • The FHCF is ready to…
FIC: Florida Cat Fund Approves Claims Paying Estimate For Upcoming Contract Year
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on October 9, 2018 and approved the October Claims Paying Capacity Estimates Report (Report) prepared by the Fund’s financial advisor, Raymond James. A copy of the Report, which contains specific and detailed information about the…
FIC: FHCF Insurer Reporting Rule Updates Proposed
By: Katrina Callaway, FIC General Counsel Last week, the FHCF held a rule workshop on its rule related to insurer reporting requirements for the 2019-2020 contract year. There are few substantive changes to the rule this year. Most of the changes conform the rule and its associated Data Call form to the changes made in…
FIC: Comp Rule Workshop on First Responder PTSD Rule Held
By: Katrina Callaway, FIC General Counsel On October 4, 2018, the Florida Division of Workers’ Compensation (DWC) held a second rule workshop on their proposed rule dealing with workers’ compensation benefits for post-traumatic stress disorder (PTSD) suffered by first responders. The rule is being proposed to implement part of legislation passed during the 2018…
GT: Citizens Board Discusses AOB, Property Litigation and Policy Changes
From Greenberg Traurig Citizens Board Discusses AOB, Property Litigation and Policy Changes Today, the Citizens Board held a meeting which included reports on growth in the Personal Lines Account (PLA), Assignment of Benefit (AOB), property litigation challenges and proposed policy change. Board members present included: Gary Aubuchon – Interim Chairman, Bette Brown, Blake Capps, Marc…
Division of WC Special Disability Trust Fund Report
The Special Disability Trust Fund, within the Department of Financial Services – Division of Workers’ Compensation, is required by Section 440.49(8)(d), Florida Statutes, to report, annually, on the status of the Fund to the Governor, the Speaker of the House of Representatives and to the President of the Senate. This report is required to be…
GT: Florida Appeals Court Expands Statute of Repose for Construction Defects
By Greenberg Traurig On Sept. 12, 2018, in Robert Gindel, et al. v. Centex Homes, et al. (43 Fla. L. Weekly D2112d), Florida’s Fourth District Court of Appeal held that the service of a pre-suit construction defect notice pursuant to section 558.004, Florida Statutes, constitutes an “action” for purposes of initiating an action within the…
FIC: Insurer Loses Bad Faith Case in Florida Supreme Court
By: Katrina Callaway, FIC General Counsel On September 20, 2018, in a 4-3 decision, the Florida Supreme Court decided a bad faith case against GEICO (Harvey v. GEICO). In the opinion, the Court reaffirmed its holding in Boston Old Colony v. Gutierrez and Berges v. Infinity Insurance Co., two of the seminal bad faith cases…
DWC 2018 Construction Industry Summary
click here