2019 OIR Summit Highlights Assignment of Benefits Abuse and Innovative Efforts to Serve and Protect Floridians
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FIC: Property Insurance Overview Given to House Insurance Committee
By: Katrina Callaway, FIC General Counsel The House Insurance and Banking Subcommittee held their first committee meeting on January 10, 2019. During the meeting, the committee heard presentations from various stakeholders about property insurance. The presentations provided to the committee can be viewed here. The committee heard from the following presenters: Office of Insurance Regulation…
GT: Senate Committee Hears About Building Code
By: Greenberg Traurig The Senate Community Affairs Committee met on January 8, 2019 to hear a presentation on the Florida Building Code. Following are notes on the presentation prepared by staff of the Greenberg Traurig law firm. Presentation on the Florida Building Code by the Florida Building Commission By Tom Campbell- Executive Director for the…
FIC: AOB Is Priority for Senate Insurance Chair
By: Katrina Callaway, FIC General Counsel During the first meeting of the Senate Banking and Insurance Committee, committee chairman Sen. Doug Broxson (R) announced to the committee that one of his priority issues for 2019 was post-loss assignment of benefits reform. He stated he wanted a frank and honest discussion of the issue. He further…
FIC: Hurricane Michael Recovery Info Presented to Senate Insurance Committee
By: Katrina Callaway, FIC General Counsel The state’s recovery from Hurricane Michael related to insurance was discussed by the Senate Banking and Insurance Committee during their first committee hearing held on January 7, 2019. No action was taken by the Committee. The committee heard from the following: Office of Insurance Regulation Department of Financial Services…
FIC: New Flood Insurance Disclosure Required Starting January 1
By: Katrina Callaway, FIC General Counsel Starting January 1, 2019, property insurers must include a new notice relating to law and ordinance coverage and flood coverage on initial and renewal policies. The new notice is the result of HB 1011 passed during the 2018 Session that takes effect on January 1, 2019. The new required…
OIR: Inside Look at Florida’s AOB Crisis
Systemic abuse of assignment of benefits (AOB) agreements is one of the top insurance issues as Florida enters the 2019 Legislative Session. Join Florida Insurance Commissioner David Altmaier at the 2019 OIR Summit for an inside look into one of this year’s hottest topics. The Florida’s Regulatory Landscape and Addressing the AOB Crisis session is…