Florida Insurance Council - Covering Florida Since 1962
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…
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…
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…
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…