Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel 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 its first Senate committee on January 21, 2020. SB 1376 was not amended. It enacts the 2019 changes to the NAIC Credit For Reinsurance…
By: Katrina Callaway, FIC General Counsel A tort reform bill relating to asbestos trust claims putting the business and insurance communities against the trial bar passed its first House committee on January 16, 2020 when the House Civil Justice Subcommittee approved HB 741 with a partyline vote of 10-5. One clarifying amendment was adopted to the…
FOR IMMEDIATE RELEASE: January 13, 2020 Contact: Patti Butchikas / Phone: (850) 914-6300 / Patti.Butchikas@myfloridahouse.gov Panama City, FL – Rep. Jay Trumbull Puts Constituents First; Unveils Consumer-Focused, Free-Market Property Insurance Reform Legislation While thousands of victims of Hurricanes Irma and Michael still have open insurance storm-related claims, Rep. Jay Trumbull of Panama City today announced…
By: Katrina Callaway, FIC General Counsel During its meeting on January 16, 2020, the House Commerce Committee unanimously passed the loss run statement bill, HB 269, with a strike all amendment to bring the House bill in line with the Senate companion. The bill requires virtually all insurers, including surplus lines, to provide a free…
By: Katrina Callaway, FIC General Counsel HB 799 and HB 801 revamp Florida’s trade secret protection laws. On January 16, 2020, they were heard for the first time in committee and passed. One technical amendment was adopted to HB 801, but it was not insurance-related. The bills have two committees left. HB 801 repeals most…
By: Katrina Callaway, FIC General Counsel HB 359, one of the omnibus insurance bills, started moving in the House on January 15, 2020 when the House Insurance and Banking Subcommittee approved an amended committee substitute after a lengthy debate about an amendment to put language addressing the use of the American Law Institute (ALI) treatise…
By: Katrina Callaway, FIC General Counsel SB 1188 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which is protected 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 Assessment (ORSA)…
By: Greenberg Traurig Florida’s 2019 Legislative Session ran from March 5th to May 3rd and, ultimately, 195 of 3,491 bills filed were approved. Outlined below are insurance-related bills and provisions which take effect January 1st, 2020. County Court Jurisdiction – HB 337 by Rep. Tom Leek (R-Daytona Beach) – The legislation increasing the current…
FOR IMMEDIATE RELEASE: December 19, 2019Contact Info: Alexis Bakofsky / (850) 413-2515 / Press@floir.com Office of Insurance Regulation Ongoing Efforts to Serve Floridians TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) is recognizing its ongoing efforts to serve the citizens of Florida. “Thanks to support and leadership from Governor DeSantis, the Office of…