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 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…
By: Katrina Callaway, FIC General Counsel The House Business & Professions Subcommittee approved a large profession deregulation package (HB 27) during its meeting on March 19, 2019 by a vote of 11-4. The package includes changes to the membership of the Florida Building Commission which may be important to the property insurance industry. Under the…
By: Katrina Callaway, FIC General Counsel During its March 19, 2019 meeting, the House Insurance and Banking Subcommittee approved the House AOB bill, HB 7065, by a vote of 14-1. The bill is sponsored by Rep. Rommel (R), the chair of the Civil Justice Subcommittee. Two clarifying amendments were adopted and one amendment was…