Florida Insurance Council - Covering Florida Since 1962
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…
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 first Senate committee on January 30, 2018 with two amendments. The two amendments adopted address concerns raised by insurers to the flood disclosure requirement contained in…
By: Katrina Callaway, FIC General Counsel A very bad AOB bill (SB 1168) passed the Senate Banking and Insurance Committee on January 23, 2018 by a vote of 7-3. The bill has two committees left. The bill is sponsored by Sen. Steube, a Republican closely aligned with the trial bar, so it is no surprise…
By: Katrina Callaway, FIC General Counsel A much more limited version of this year’s CAT Fund (Fund) bill (HB 97) garnered significant push back from committee members when it was heard for the first time in committee on January 23, 2018. The bill ultimately passed with a vote of 9-4. Even though the bill…
Consumer Protection Coalition FOR IMMEDIATE RELEASEConsumer Protection Coalition Releases New Polling Data about Need for AOB Reform TALLAHASSEE, Fla. (Jan. 23, 2018) – The Consumer Protection Coalition today released new polling data commissioned by the Property Casualty Insurers Association of America (PCI) showing Florida voters support Assignment of Benefits (AOB) reform by a 2-to-1 margin.…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee ran out of time before hearing SB 1168 during its meeting on January 16, 2018. This is not the AOB bill supported by the industry. The Chair stated that the bill would be put on the committee meeting agenda for next week’s meeting…