Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel 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 reducing the glidepath was approved on April 2, 2019…
By: Katrina Callaway, FIC General Counsel SB 1640, the Senate professional license deregulation package, was approved by its first committee of reference on April 2, 2019 with a strike all amendment. The Senate bill has two committees left. The House bill is in its last committee. The professional license deregulation bill appears…
By: Katrina Callaway, FIC General Counsel The House Judiciary Committee approved the AOB bill when it met on March 28, 2019 with a 14-3 vote. This was the last committee stop for the bill which will now be heard on the House floor when set by the Rules Committee. A strike all amendment (862613) was…
By: Katrina Callaway, FIC General Counsel 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 the Florida Keys under an amended bill approved on March 25, 2019 by the Senate Banking and Insurance…
By: Katrina Callaway, FIC General Counsel At the request of the bill sponsor, the House Insurance and Banking Subcommittee postponed a vote on HB 541, the sinkhole bill, during its meeting on March 26, 2019. Because the March 26th meeting is the last scheduled meeting for the subcommittee during the 2019 Session, the bill is…
By: Katrina Callaway, FIC General Counsel HB 27, the House professional license deregulation package, obtained committee approval again this week when it passed its second committee on March 26, 2019. The bill passed its first committee last week. There is no Senate companion bill at this time, but that does not necessarily mean the bill…
By: Katrina Callaway, FIC General Counsel A large condominium association bill described by the bill sponsor as a “housekeeping bill” contains an insurance provision that may interest property insurers. The provision prohibits a condo owner’s insurance policy from having rights of subrogation against the condominium association. HB 1075 passed its first committee on March 26,…
By: Katrina Callaway, FIC General Counsel HB 617, a glitch bill making a clarifying change to last year’s bill requiring flood disclosure on homeowner’s policies, cleared its second House committee unanimously on March 26, 2019. It was not amended. The bill has one committee left. The Senate flood disclosure bill (SB 380) is identical to…
By: Katrina Callaway, FIC General Counsel A bill making a technical change to last year’s bill requiring a flood disclosure on homeowner’s policies cleared its second Senate committee on March 20, 2019. It was not amended. SB 380 is not controversial and tweaks language passed last year requiring flood disclosure on homeowner’s policies to clarify…