FIC: House Insurance Subcommittee Gets New Chair

By:  Katrina Callaway, FIC General Counsel On August 30, 2019, House Speaker Jose Olivia announced committee/subcommittee chairs, vice chairs, and members for the 2020 legislative session which begins in January. The Speaker made changes to a few committee/subcommittee chairs, including the House Insurance & Banking Subcommittee Chair which is changing from Rep. Cyndi Stevenson to…

FIC: OIR Rule For Commercial General Liability Payment of Defense Costs Moves Closer To Repeal

By:  Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to publish a repeal of the current rule that requires commercial general liability contracts to include defense costs within the liability limits of the contract (Rule 69O-167.007).  In…