Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 1582, the asbestos trust claim bill, died on the last day of the 2020 Session because the House and Senate could not agree to language for the bill. The chambers passed language back and forth the last two days of the Session. The language the chambers could not…
By: Katrina Callaway, FIC General Counsel SB 1606 passed the full Senate on March 9, 2020 without debate and with a vote of 40-0. The House passed the Senate bill on March 11, 2020 with a vote of 116-0. The bill now goes to the Governor for signature. The following provisions are in the bill…
By: Katrina Callaway, FIC General Counsel On March 11, 2020, the House returned the Senate asbestos trust bill, (SB 1582), back to the Senate with an amendment they want the Senate to approve. The House vote was 86-31. If the Senate approves amendment #838709, the bill will go to the Governor. The Senate bill and…
By: Katrina Callaway, FIC General Counsel The Senate unanimously passed a large courts measure that includes changing appellate jurisdiction for county courts on March 9, 2020, and sent the bill to the House for approval. The House agreed to the bill on March 11, 2020 with a vote of 118-0. The bill now goes the…
By: Katrina Callaway, FIC General Counsel The Senate loss run statement bill, SB 292, unanimously passed the full Senate on March 9, 2020 and was sent to the House for approval. The House approved the bill on March 11, 2020 with a vote of 117-0. The bill now goes to the Governor for signature and…
By: Katrina Callaway, FIC General Counsel CFO Patronis’ consumer protection bill (SB 1492) will not pass this Session because the Senate did not get the bill to the House in time for the House to take it up under their rules. The House had to have the bill by Monday night at the latest and…
By: Katrina Callaway, FIC General Counsel HB 1409 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which current law already protects from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes Own-Risk and Solvency…
By: Katrina Callaway, FIC General Counsel HB 1409 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which current law already protects from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes Own-Risk and Solvency…
By: Katrina Callaway, FIC General Counsel SB 1376, the OIR backed credit for reinsurance bill that incorporates substantive provisions from the 2017 Covered Agreement between the U.S. and the European Union (EU), passed the Senate on March 9, 2020 with a vote of 38-1 after the Senate heard the bill on Special Order and rolled…
By: Katrina Callaway, FIC General Counsel SB 1606 passed the full Senate on March 9, 2020 without debate and with a vote of 40-0. A floor amendment allowing insurers to use hurricane model averages and authorizing the Office of Insurance Regulation (OIR) to examine an insurer’s managing general agents or holding company was withdrawn…