Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 1032 allows insurers to give insureds, prospective insureds, or others more advertising or promotional items with a higher value than allowed under current law. Under current law, insurers or agents can offer and make gifts of merchandise up to $25 per gift for advertising purposes without violating…
By: Katrina Callaway, FIC General Counsel A bill designed to provide clarification as to when the statute of limitation and statute of repose start for construction defect claims by defining when the construction contract is considered complete passed the House on March 30, 2017 by a vote of 114-0. The Senate companion, which is identical,…
By: Sam Miller, FIC Consultant SB 986 The Department Of Financial Services — by StargelAmendment by Stargel 676762 – Amendment by Stargel 218904 HB 925 Department of Financial Services — by Miller (M) The Department of Financial Services “clean-up” package, which moved through the House Insurance & Banking Subcommittee March 20, was approved March 29…
By: Sam Miller, FIC Consultant SB 730 Insurer Insolvency — by PassidomoHB 837 Insurer Insolvency — by Raburn For the second day in a row, the Department of Financial Services’ insolvency package passed a legislative committee, probably heading for final approval during this Florida legislative session. This is a top priority for Chief Financial Officer…
By: Sam Miller, FIC Consultant HB 1271 Construction Defect Claims — by TrumbullAmendment by Trumbull PDF Florida’s “Right to Repair” law would be tweaked and enhanced under a bill (CS/HB 1271) approved March 28 by the House Civil Justice & Claims Subcommittee. The legislation on construction defect claims and pre-suit intervention is supported by insurers…
By: Sam Miller, FIC Consultant HB 837 Insurer Insolvency — by Raburn The Department of Financial Services’ insolvency package, including portions of the NAIC receivership model act, moved through the House Governmental Operations & Technology Subcommittee March 28 and will be before the Senate Appropriations Subcommittee on General Government March 29. While both bills have…
By: Katrina Callaway, FIC General Counsel HB 1029 relates to the merchandise gifts insurers are allowed to give to insureds, prospective insureds, or others for advertising. Under current law, insurers or agents can offer and make gifts of merchandise up to $25 per gift for advertising purposes without violating the unfair trade practices act. …
By: Katrina Callaway, FIC General Counsel SIU personnel from several insurers worked with the Division of Investigative and Forensic Services (DIFS) within the Department of Financial Services (DFS) to write this year’s fraud bill, HB 1007. The bill makes numerous changes to insurer SIU practices and fraud reporting – including more frequent and additional…
By: Katrina Callaway, FIC General Counsel A bill, HB 601, authorizing the use of personal delivery devices (PDDs) on sidewalks unanimously passed its last House committee on March 22, 2017. The bill also contains regulations relating to use of PDDs. The insurance-related regulation contained in the bill requires PDD operators maintain general liability coverage…
By: Katrina Callaway, FIC General Counsel On Monday, the First District Court of Appeal ruled in favor of State Farm Florida holding the homeowners’ insurance QUASR data it submits to the OIR is exempt from public disclosure as a trade secret. The court’s opinion is here. The Court held the data was a trade secret…