FIC: House Insurance Omnibus Bill Pared Down

By:  Katrina Callaway, FIC General Counsel HB 301, the House omnibus insurance bill, will be significantly pared down under a proposed committee substitute (PCS) filed by the bill sponsor on February 6, 2019.  The House Insurance and Banking Subcommittee will vote on the proposed committee substitute during their meeting next week. The proposed changes bring…

FIC: Construction Defect Bill Effective July 1

By:  Katrina Callaway, FIC General Counsel HB 875 takes effect on July 1, 2018.  The bill passed during the 2018 legislative session and further clarifies when the date of completion of a construction contract is for purposes of both the statute of limitations and statute of repose.  It provides that a construction contract is complete…