Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel On March 7, 2017, HB 377 dealing with the statutes of limitation and repose in construction defect claims, passed its second committee. The bill was not amended. The bill is now in its last committee. The bill specifies when a construction contract is considered complete for purposes of…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee passed the insurance omnibus bill, SB 454, on March 6, 2017 with amendments. The bill impacts multiple lines of insurance and has three committees left. The bill passed with a vote of 7-2. The two “no” votes were cast by Sen. Farmer,…
By: Katrina Callaway, FIC General Counsel On March 3, 2017, Sen. Flores, Chair of the Senate Banking and Insurance Committee and Senate President Pro Tempore, filed an unfriendly insurance bill, SB 1746. Although most of the provisions in the bill apply only to property insurance, there are a few provisions that apply to other lines…
By: Katrina Callaway, FIC General Counsel The OIR will hold rule development workshops on March 8th and 9th on proposed changes to about 100 rules. The changes are designed to update the rules to reflect the electronic filing process. The changes proposed will likely affect all insurers and all lines of insurance. It appears…
By: Katrina Callaway, FIC General Counsel The House Civil Justice and Claims Subcommittee unanimously approved HB 377 on February 16, 2017 with one substantive amendment that rewrote the bill. The amendment can be found here. The bill specifies when a construction contract is considered complete for purposes of the statute of repose and statute of…
By: Katrina Callaway, FIC General Counsel SB 204 filed by Sen. Passidomo for the 2017 Session defines the date of completion of a construction contract to be used when determining the start of the statute of limitations and state of repose in construction defect cases. It is very similar to bills filed last year that…