Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel A bill requiring insurers to include a specific disclosure with property insurance policy documents stating that the policy does not cover flood damage is poised to pass. HB 1011 passed the House on February 14, 2018 and was sent to the Senate for consideration. On March 1,…
By: Katrina Callaway, FIC General Counsel Bills reenacting and saving from repeal the public records exemption in current law for proprietary business information provided by insurers in the private market to Citizens Property Insurance Corporation for use in the Citizens Clearinghouse are ready to be heard on the House and Senate floors. We anticipate the…
By: Katrina Callaway, FIC General Counsel With two weeks of Session left, the House finally released a committee bill reenacting and saving from repeal the public records exemption in current law for proprietary business information provided by insurers in the private market to Citizens Property Insurance Corporation for use in the Citizens Clearinghouse. The information…
By: Katrina Callaway, FIC General Counsel SB 1282 provides more disclosure to homeowners about the lack of flood coverage in their property insurance policy. The bill passed its last Senate committee on February 22, 2018 with no amendments. Starting July 1, 2019, for new and renewal policies, the bill requires insurers to include a…
By: Katrina Callaway, FIC General Counsel The Senate moved their CAT Fund (Fund) bill out of its first committee on February 20, 2018 without amendment. SB 1454 repeals the rapid cash build up factor and does not replace it with anything. The vote to approve the bill was 8-3. The Senate bill has two committees…
By: Katrina Callaway, FIC General Counsel HB 1011 provides more disclosure to homeowners about the lack of flood coverage in their property insurance policy. The bill was heard on the House floor on February 14, 2018, rolled to third reading and voted on. The bill passed by a vote of 115-0. It now goes…
By: Katrina Callaway, FIC General Counsel An unfriendly AOB bill (SB 1168) passed its second committee, the Senate Judiciary Committee on February 6, 2018 by a vote of 7-3. The vote was also 7-3 in the first committee. The bill has one committee left. The AOB bill was supported in committee by water remediators…
By: Katrina Callaway, FIC General Counsel HB 1011 provides more disclosure to homeowners about the lack of flood coverage in their property insurance policy. The bill unanimously passed its last House committee on February 1, 2018 with one amendment. The amendment adopted addresses concerns raised by insurers to the flood disclosure requirement contained in…
By: Katrina Callaway, FIC General Counsel SB 7012 reenacts and saves from repeal the public records exemption in current law for proprietary business information provided by insurers in the private market to Citizens Property Insurance Corporation for use in the Citizens Clearinghouse. The information is provided by insurers to the Citizens Clearinghouse and used to…