Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel A strike all amendment to the Senate AOB bill, SB 122, was released Friday afternoon. The amendment (link #306982) was filed by Sen. Broxson, the bill sponsor, and is the result of discussions with other Senators and the industry. Additional changes could be made at later committee stops. The…
By: Katrina Callaway, FIC General Counsel A bill making a technical change to last year’s bill requiring flood disclosure on homeowner’s policies cleared its first Senate committee unanimously on February 19, 2019. The only amendment adopted to the bill narrowed the title of the bill. SB 380 clarifies that the flood disclosure currently required by…
By: Katrina Callaway, FIC General Counsel After an hour and a half of discussion, debate, and testimony and after disposing of eight amendments, a vote on the Senate AOB bill, SB 122 was postponed. Had a vote been taken, the bill would have died on a 4-4 vote. Sen. Lee (R) was the swing…
By: Katrina Callaway, FIC General Counsel AOB was discussed in the House for the first time this year during this week’s House Civil Justice Subcommittee meeting. The meeting was intended to provide the Subcommittee with background information about water loss claims, AOB use, and litigation. No legislation was discussed. The Subcommittee ran out of time…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee continued their discussion of assignment of benefits during their meeting on February 4, 2019. According to Chair Broxson (R), the Committee will vote on the AOB bill, SB 122, next Monday when they meet. The materials from the February 4th meeting…
By: Katrina Callaway, FIC General Counsel Last week, we reported that HB 541 was filed expanding sinkhole coverage. This week, an identical Senate companion, SB 566, was filed. The bill changes the statutory definition of “catastrophic ground cover collapse.” A possible impact of the proposed definition change is that more damage than under current…