FIC: Citizens Property Proposes Rate Increases, Water Sub-Limit, & Other Policy Changes for Water Claims

By:  Katrina Callaway, FIC General Counsel During its June 20th Board meeting, the Citizens Property Insurance Board of Governors adopted rate and policy changes to be submitted to the Office of Insurance Regulation (OIR) for 2018.   Despite lower reinsurance costs and lower rates for wind coverage and primarily because of rising water claim costs,…

FIC: Med Sync Bill Becomes Law

By:  Katrina Callaway, FIC General Counsel Florida Governor Rick Scott signed the medication synchronization bill passed during the 2017 legislative session into law on June 14, 2017 and the bill took effect on that date.  The bill, SB 800, requires health insurers and health maintenance organizations (HMOs) to offer medication synchronization services on all policies…

2017 House and Senate Bills List

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