Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 1200 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. It passed its last Senate committee on April 10, 2019 with two…
By: Katrina Callaway, FIC General Counsel SB 1640, the Senate professional license deregulation package, cleared its second committee of reference on April 8, 2019 with a strike all amendment and an amendment to the strike all. The Senate bill has one committee left. The House bill has cleared all its committee. The professional license…
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 last House committee on April 4, 2019. It was not amended. It will next be heard on the House floor when scheduled by the Rules Committee. The Senate…
By: Katrina Callaway, FIC General Counsel HB 27, the House professional license deregulation package, was approved by its last committee of reference on April 4, 2019 with five amendments. Only one of the amendments related to the Florida Building Commission membership and is described below. The bill contains many changes to deregulate professions overseen…
By: Katrina Callaway, FIC General Counsel A large condominium association 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 second committee on April 3, 2019 with three amendments that did not affect the…
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 Monroe County which includes the Florida Keys. The bill reducing the glidepath was approved on April 2, 2019…
By: Katrina Callaway, FIC General Counsel SB 1640, the Senate professional license deregulation package, was approved by its first committee of reference on April 2, 2019 with a strike all amendment. The Senate bill has two committees left. The House bill is in its last committee. The professional license deregulation bill appears…
By: Katrina Callaway, FIC General Counsel The House Judiciary Committee approved the AOB bill when it met on March 28, 2019 with a 14-3 vote. This was the last committee stop for the bill which will now be heard on the House floor when set by the Rules Committee. A strike all amendment (862613) was…
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…