Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel HB 529 increases the FIGA coverage limit and the FIGA emergency assessment maximum for condominium association and homeowners’ association FIGA claims. The bill passed the full House on March 10, 2020 and was sent to the Senate for approval. The Senate approved the bill on March 11, 2020. …
By: Katrina Callaway, FIC General Counsel SB 540, dealing with FIGA and FWCIGA, passed the Senate on February 26, 2020 with a vote of 40-0. It was sent to the House who approved the bill on March 11, 2020 with a vote of 116-0. The bill now goes to Governor DeSantis for signature and we…
By: Katrina Callaway, FIC General Counsel During Special Order on March 9, 2020, the Florida House adopted an amendment to a Senate glitch bill on business organizations, SB 838, dealing with how policyholders of mutual insurance company or mutual insurance holding company can vote. Essentially, Amendment #145281 allows policyholders to vote in person, by mail,…
By: Katrina Callaway, FIC General Counsel On March 9, 2020, full House approved HB 1193, a bill deregulating numerous professions and occupations. The bill includes changes to the membership of the Florida Building Commission which may be important to the property insurance industry. The bill now goes to the Senate for approval. Before…
By: Katrina Callaway, FIC General Counsel Language prohibiting a condo unit owner’s property policy from allowing the unit owner to subrogate against the condo association if the association’s policy does not allow the association to subrogate against the unit owner passed the full House in two bills (HB 623 and HB 689) on March 9,…
By: Katrina Callaway, FIC General Counsel The House property insurance contingency risk multiplier bill (HB 7071) which essentially codifies the federal standard allowing use of a multiplier for fees in only rare and exceptional cases passed the House on March 4, 2020 by a vote of 72-46. Two Republican members, Reps. Fitzenhagen and Grall, who…
By: Katrina Callaway, FIC General Counsel The timeframe to file an initial property insurance claim was reduced from 3 years to 24 months after a heated and lengthy discussion and debate that called into question the process by which the bill was amended to include the timeframe reduction by the Minority Leader and former Senate…
By: Katrina Callaway, FIC General Counsel The House property insurance contingency risk multiplier bill (HB 7071) which essentially codifies the federal standard allowing use of a multiplier for fees in only rare and exceptional cases was heard on the House floor on Special Order on March 3, 2020. Rep. Beltran (R), the bill sponsor,…
By: Katrina Callaway, FIC General Counsel SB 898 increases the FIGA coverage limit and the FIGA emergency assessment maximum for condominium association and homeowners’ association FIGA claims. The bill passed its last Senate committee on March 2, 2020 without amendment. The House bill (HB 529) is identical and has also cleared all its assigned committees. …
By: Katrina Callaway, FIC General Counsel On February 26, 2020, Sen. Perry (R) filed a strike all amendment to an agency bill for DFS that includes provisions authorizing a water damage sublimit and reducing the timeframe to notify an insurer of a claim, supplemental claim, or reopened hurricane claim from 3 years to 24 months.…