FHCF May 2019 Bonding Capacity
FHCF May 2019 Bonding Capacity.pdf
FIC: FHCF Claims Paying Capacity Released
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on May 16, 2019 and learned the FHCF is still in good financial shape despite losses to the Fund in 2017 from Hurricanes Irma and in 2018 from Hurricane Michael. During the meeting, the…
OIR Notice: Submissions to OIR’s P&C Forms and Rates section will be conducted through the IRFS
Notice to all Property and Casualty Insurers Starting May 16, submissions to OIR’s Property and Casualty Forms and Rates section will be conducted through the Insurance Regulation Filing System (IRFS). Upon launch, all new filings will be submitted through IRFS and filers will be prevented from accessing the “submit new filing” option in IFile. Filings…
FIC: Building Commission Membership Reduction Dies
By: Katrina Callaway, FIC General Counsel Throughout Session a large professional license deregulation package that seemed to be a priority of the House and Senate and Governor DeSantis, sailed through committees in the House and Senate despite controversy about the deregulation of some professions contained in the package. However, in an interesting turn of events,…
FIC: Court Jurisdiction Increase With AOB Effective Date Change Passes
By: Katrina Callaway, FIC General Counsel On May 3, 2019, HB 337, the bill to increase the county court jurisdictional threshold, passed the Legislature. The passed bill also includes a provision moving up the effective date of the attorney fee provision in the AOB bill that passed earlier in Session. Procedurally, on May 3, 2019,…
FIC: One Way Attorney Fee Expansion To Contractors Passes
By: Katrina Callaway, FIC General Counsel HB 1247 expands the application of Florida’s one way attorney fee statute to suits brought by “contractors” against surety insurers under payment or performance bonds for losses due to breach of a building or construction contract. The one-way attorney fee provision is contained in a larger bill dealing with…
FIC: Court Jurisdiction Increase Picks Up AOB Effective Date Change
By: Katrina Callaway, FIC General Counsel On May 2, 2019, the Senate adopted a strike all amendment (938140) to the court jurisdiction bill, HB 337 and rolled the bill to third reading. They will vote on the bill on May 3, 2019. If the Senate approves the bill on May 3, 2019, it will go…