Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel Entities allowed to form a public housing authority self-insurance fund (SIF) are expanded under SB 850 approved by the Senate Community Affairs Committee on April 17, 2017. The bill was not amended. Under current law, only two or more public housing authorities may form a public housing SIF. The…
By: Greenberg Traurig Yesterday, the Florida Cabinet State Board of Administration (“SBA”) unanimously approved the 2017-2018 Florida Hurricane Catastrophe Fund (“CAT Fund”) Reimbursement Premium Formula. The SBA also adopted a proposed rule for Rule 19-8.028, F.A.C., Reimbursement Premium Formula (the “Rule”), which implements the formula. The formula follows statutory criteria that has been in place…
By: Sam Miller, FIC Consultant A House-passed bill making it easier to transfer homeowners policies within the same insurance group will be going to the full Senate soon. The bill (CS/SB 812) was approved by its last committee of reference, the Senate Rules Committee, April 6. It will go to the full Senate at the…
By: Sam Miller, FIC ConsultantSB 420 Flood Insurance (Brandes)Amendments Filed 601270 [PDF] BrandesH 813 (c1) Sen. Jeff Brandes, R-St. Petersburg, Senate leader to establish a private flood insurance market in Florida for the last several years, won 7-0 approval in the Senate Community Affairs Committee April 3 of his 2017 iteration. This package (CS/CS/SB 420)…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee approved an AOB bill on April 3, 2017 with a 6-2 vote. Sens. Mayfield and Gainer cast the two “no” votes. The bill approved by the committee, SB 1218, was not the bill supported by the industry or the Office of Insurance Regulation.…
By: Katrina Callaway, FIC General Counsel Without debate, on March 30, 2017, the House passed the homeowners’ policy transfer bill by a vote of 113-0. The Senate companion bill, which is similar, is in its last committee. Both House and Senate bills allow – under certain circumstances – the transfer of a personal lines…
By: Katrina Callaway, FIC General Counsel A bill designed to provide clarification as to when the statute of limitation and statute of repose start for construction defect claims by defining when the construction contract is considered complete is expected to be passed by the House on March 30, 2017. The bill, HB 377, was heard…
By: Katrina Callaway, FIC General Counsel On March 29, 2017, the full House heard the homeowners’ policy transfer bill and moved the bill for a vote which should occur on March 30, 2017. The bill, HB 805, was amended on the floor. The amendment made a clarifying change to the bill, but did not change…
By: Katrina Callaway, FIC General Counsel A bill, HB 421, to expand entities allowed to participate in public housing self-insurance funds (SIFs) passed its last House committee, House Commerce, on March 29, 2017 with a delete everything amendment. The bill will be heard on the House floor when set by the Rules Committee. The Senate…
By: Katrina Callaway, FIC General Counsel On March 28, 2017, House and Senate committees approved bills changing the adoption of the Florida Building Code. The bills are a priority of the homebuilders and are also supported by the roofers, air conditioner contractors, sheet metal contractors, electrical contractors, roof deck contractors, and other contractors. The bills…