Florida Insurance Council - Covering Florida Since 1962
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…
FOR IMMEDIATE RELEASE May 23, 2019Contact Info: Karen Kees, (850) 413-2515, press@floir.com Commissioner Altmaier Applauds Governor DeSantis for Signing AOB Reform TALLAHASSEE, Fla. —Today, Florida Office of Insurance Regulation Commissioner David Altmaier released the following statement following the Governor’s signature of House Bill 7065: “Governor DeSantis continues to demonstrate his strong commitment to Florida consumers…
By: Katrina Callaway, FIC General Counsel The AOB bill (HB 7065) was sent to the Governor on May 22, 2019. He has until June 6th to sign the bill, veto it, or let it become law without signature. We expect he will sign the bill and will let you know when it is signed. Additionally, HB…
FHCF May 2019 Bonding Capacity.pdf
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on May 16, 2019 and learned the FHCF is still in good financial shape despite losses to the Fund in 2017 from Hurricanes Irma and in 2018 from Hurricane Michael. During the meeting, the…
Notice to all Property and Casualty Insurers Starting May 16, submissions to OIR’s Property and Casualty Forms and Rates section will be conducted through the Insurance Regulation Filing System (IRFS). Upon launch, all new filings will be submitted through IRFS and filers will be prevented from accessing the “submit new filing” option in IFile. Filings…