FIC: Insurer Insolvency Bill Ready for House Floor

By:  Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) supported insurer insolvency bill passed its last House committee on April 6, 2017.  The bill is a key priority of Florida’s CFO Jeff Atwater and enhances the DFS Division of Rehabilitation & Liquidation’s ability to deal with insolvencies.  The bill is highly technical…

GT: Insurance Omnibus Passes Another Senate Committee

By:  Greenberg Traurig, FIC Lobbyist Following is a report prepared by staff at Greenberg Traurig about the committee hearing on the Senate insurance omnibus bill, SB 454 that passed Senate Appropriations, on April 5, 2017.  The House companion, HB 359, will be heard in its last committee on April 6, 2017. Senate Appropriations CommitteeWednesday, April…

FIC: Fraud Bill On the Move in the Senate

By:  Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee passed the substantive DFS fraud bill, SB 1012, and a public records bill relating to the DFS fraud bill, SB 1014, on April 3, 2017.  Both bills have two committees left.   The committee adopted a delete everything amendment to both bills before…

FIC: Construction Defect Bill Passes House

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,…