OIR-19-02M Changes to Assignment of Benefits Law
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FIC: Flood Disclosure Bill Signed By Governor
By: Katrina Callaway, FIC General Counsel On June 7, 2019, the Governor signed HB 617, a glitch bill making a clarifying change to last year’s bill requiring flood disclosure on homeowner’s policies. The bill takes effect on July 1, 2019. The bill clarifies that the flood disclosure currently required by law is only required on…
FIC: One Way Attorney Fee Expansion To Contractors Signed
By: Katrina Callaway, FIC General Counsel On June 7, 2019, Governor DeSantis signed HB 1247 which takes effect on October 1, 2019. The bill primarily deals with construction bonds, however, there is a surety insurance provision in it. That provision applies Florida’s one-way attorney fee law to suits brought by contractors against a surety insurer…
FIC: FHCF To Change Rules To Implement New Law On LAE
By: Katrina Callaway, FIC General Counsel Following a rule workshop and Advisory Council meeting on May 30, 2019, the Florida Hurricane Catastrophe Fund (FHCF) is proceeding with changes to administrative rules and forms to implement the increase in loss adjustment expense (LAE) reimbursement set out in HB 301 which just passed the Legislature. Under the…
FIC: Court Jurisdiction Increase With AOB Effective Date Change Signed By Governor
By: Katrina Callaway, FIC General Counsel On May 24, 2019, HB 337, the bill to increase the county court jurisdictional threshold, was signed into law by Florida Governor Ron DeSantis. The bill also includes a provision moving up the effective date of the attorney fee provision in the AOB bill. The court jurisdiction part of…
FIC: AOB Bill Signed
By: Katrina Callaway, FIC General Counsel Governor Ron DeSantis signed the AOB reform bill, HB 7065, on May 23, 2019, one day after receiving the bill on his desk. The bill makes significant changes to assignment of benefit agreements in an effort to curb costs and litigation in property insurance claims. One of the most…