Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel AOB reform has been a priority of the FIC Property Committee for numerous years. Because the Legislature has failed to address the issue in past Sessions, homeowners are now seeing rapidly increasing premiums due to the increasing frequency and severity of water loss claims and the use of AOBs…
By: Sam Miller, FIC Consultant HB 805 Insurance Policy Transfers — by IngogliaAmendment by Rep. Ingoglia: [612675] The House Insurance & Banking Subcommittee Tuesday approved a bill authorizing the transfer of a personal lines residential or commercial/residential policy as a renewal policy rather than a cancellation, nonrenewal, or termination; extending the simpler process currently allowed…
By: Katrina Callaway, FIC General Counsel The House flood insurance bill (HB 813) unanimously passed its first committee on March 7, 2017 with an amendment and an amendment to that amendment. The bill is now in its last committee. HB 813 makes changes to the current law governing flood insurance offered by the private market. …
By: Sam Miller, FIC Consultant HB 421 Public Housing Authority Insurance — by ShawAdopted amendment by Rep. Shaw: 943119 The House Insurance & Banking Subcommittee late Tuesday approved a bill by Tampa Rep. Sean Shaw allowing creation of a self-insurance fund by corporations, limited liability companies or similar business entities owned by a public housing…
By: Katrina Callaway, FIC General Counsel The House AOB bill was filed just before the bill filing deadline on March 7, 2017. The bill, HB 1421, is not the OIR and Citizens AOB bill. The House bill is very different from the two Senate AOB bills. The House and Senate will have to agree on…
By: Katrina Callaway, FIC General Counsel On February 24, 2017, Sen. Farmer, a trial attorney, filed an AOB bill. This bill, SB 1218, is not the work product of OIR and Citizens and is not the bill supported by the industry. Thus, there are now two competing AOB bills filed in the Senate. The…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee passed the flood insurance bill (SB 420) on February 21, 2017 with two amendments. The vote count was 8-1 with Sen. Farmer, a trial lawyer, casting the lone “no” vote. The bill has two committees left. The House bill is similar and has…
By: Katrina Callaway, FIC General Counsel Bills for the 2017 Session are being filed every day. Following is a summary of bills related to property insurance filed as of February 20, 2017 that FIC is following. Notable bills filed since our last bill summary include: AOB, FIGA, and Citizens’ assessment reduction. As noted in…
By: Katrina Callaway, FIC General Counsel AOB reform is the top priority of the FIC Property Committee. On February 17, 2017, the first AOB bill was filed for the 2017 Session. The bill, SB 1038, was filed by Sen. Hukill and is primarily the work product of OIR and Citizens, although the insurance industry is…
By: Katrina Callaway, FIC General Counsel In the Cabinet meeting on February 7, 2017, Florida Insurance Commissioner Altmaier updated the Governor and Cabinet on AOB. He referred to AOB reform as one of the Office’s “highest priorities” noting AOB impacts over 90% of Florida homeowners because most homeowners are insured by domestic carriers or Citizens…