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 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…
By: Katrina Callaway, FIC General Counsel The House Select Committee on Hurricane Response and Preparedness adopted its final report during its final committee meeting on January 16, 2018. The report is here starting at page 3 and is the result of hours of public testimony taken by the Committee on problems and solutions from Florida’s…
By: Katrina Callaway, FIC General Counsel On January 12, 2018, the Office of Insurance Regulation issued a report on water claims and AOB use. That report follows the OIR report on the same topic issued in February 2016. The new report is based on claims data from January 1, 2015 – June 30, 2017…
The Florida House passed their AOB bill, HB 7015, today by a vote of 82-20. A copy of the bill that passed and the staff analysis are attached. The bill will now go to the Senate for consideration. We anticipate the Senate will not act on the House bill until their AOB bill gets…