Florida Insurance Council - Covering Florida Since 1962
By: Sam Miller, FIC Consultant The Legislature has approved the 2017 flood insurance package which includes a six-year extension in deregulation of rates for flood coverage from private insurers. The House on May 4 on a 117-0 concurred in Senate amendments, which had been approved a day earlier, to the House flood bill (HB 813…
By: Katrina Callaway, FIC General Counsel On May 4, 2017, the Senate added changes to the building code adoption process to HB 1021, a bill passed by the House on April 19, 2017 that dealt with construction but that did not contain building code changes. Thus, it appears HB 1021 is now the vehicle for…
By: Katrina Callaway, FIC General Counsel On May 4, 2017, the Senate added changes to the building code adoption process to HB 1021, a bill passed by the House on April 19, 2017 that dealt with construction but that did not contain building code changes. Thus, it appears HB 1021 is now the vehicle for…
By: Sam Miller, FIC ConsultantHB 813 (e1) It is the House’s turn to decide whether to accept its bill promoting private flood insurance as an option to the NFIP as rewritten by the Senate or refuse, forcing further negotiations even though the regular session is rapidly winding down. The Senate May 3 passed 31-0 the…
By: Katrina Callaway, FIC General Counsel Entities allowed to form a public housing authority self-insurance fund (SIF) are expanded under a bill passed by the Senate on May 3, 2017 with a vote of 36-0. The bill, HB 421, passed the House on April 26, 2017. The bill now goes to Governor Scott for consideration. …
By: Katrina Callaway, FIC General Counsel The House flood insurance bill (HB 813) was taken up by the full Senate on May 2, 2017 and amended (amendment #198022). Thus, if the Senate votes the amended bill out on May 3, 2017, the bill will go back to the House for approval of the amended bill.…
By: Katrina Callaway, FIC General Counsel Entities allowed to form a public housing authority self-insurance fund (SIF) are expanded under a bill heard on the Senate floor on May 2, 2017. The bill, HB 421, passed the House on April 26, 2017 and was sent to the Senate for consideration and approval. When the Senate…
By: Katrina Callaway, FIC General Counsel Two Senate construction related bills, SB 1312 and SB 1372, that include changes to the building code adoption passed Senate Appropriations on May 1, 2017. SB 1372 deals primarily with electrical and alarm system contracting, but also contains the building code provision outlined below. HB 227 is the…
By: Greenberg Traurig, FIC Lobbyist On Thursday, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors met to approve their 2017 Risk Transfer Program (the “Program”). Citizens is required by Florida Statute to procure catastrophe reinsurance in the private marketplace. Each year, the Board of Governors meets to review the reinsurance coverage recommendations offered by its…
By: Katrina Callaway, FIC General Counsel Entities allowed to form a public housing authority self-insurance fund (SIF) are expanded under a bill, SB 850, approved by the Senate Rules Committee on April 28, 2017. The bill now goes to the full Senate which is expected to substitute the House bill, HB 421, for the Senate…