Citizens applauds passage of AOB reform package
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FIC: Citizens Glidepath Reduction Ready For Senate Floor But Stalled In House
By: Katrina Callaway, FIC General Counsel SB 1476, the 10% per year rate increase limit that applies to all policyholders of Citizens Property Insurance Corporation (Citizens) will be reduced to 5% for the next two years for policyholders in Monroe County which includes the Florida Keys. The bill was approved on April 23, 2019 by…
FIC: AOB Reform One Vote Away From Final Passage
By: Katrina Callaway, FIC General Counsel After eight years of trying, property insurance AOB reform is one vote away from passing and going to the Governor. The vote should take place tomorrow when the Senate will vote on the AOB bill sent to them by the House. Because the bill was not amended on the…
FIC: Building Commission Membership Changed Again In Senate
By: Katrina Callaway, FIC General Counsel SB 1640, the Senate professional license deregulation package, cleared its last committee of reference on April 18, 2019 with one amendment to add back a member to the Florida Building Commission (Commission). The House bill has cleared all its committee and is waiting for a floor vote. The bills…
FIC: Condo Subrogation Prohibition Amended In House
By: Katrina Callaway, FIC General Counsel The condo subrogation prohibition contained in HB 1075, a large condominium association bill, was significantly changed when as strike all amendment (150791) was approved by its last House committee on April 18, 2019. As originally filed, the provision prohibited a condo owner’s insurance policy from having rights of subrogation…
FIC: Flood Disclosure Bill Passes House
By: Katrina Callaway, FIC General Counsel On April 17, 2019, the House approved HB 617, a glitch bill making a clarifying change to last year’s bill requiring flood disclosure on homeowner’s policies. The floor vote on the bill was 113-0. Before voting on the bill, the House read it a second time, waived the rules…
FIC: AOB Amended By Senate To Match House Bill
By: Katrina Callaway, FIC General Counsel Saying the proposed strike all amendment (338298) represented an agreement between House and Senate on AOB reform, Sen. Broxson (R) amended the Senate AOB bill in committee on April 17, 2019 to match the AOB bill already passed by the House. Thus, it appears AOB reform is in a…