Florida Insurance Council - Covering Florida Since 1962
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…
By: Katrina Callaway, FIC General Counsel Sen. Tom Lee, chair of the Senate Community Affairs Committee with jurisdiction over Florida’s Building Code, has proposed a committee bill (SPB 7000) outlining sweeping changes to the Code. Sen. Lee is very knowledgeable about building code issues as he works in the construction industry. The bill as…
By: Katrina Callaway, FIC General Counsel Bills for the 2017 Session are beginning to be filed. Following is a summary of bills related to property insurance filed as of January 19, 2017 that FIC is following. The summary was prepared by FIC General Counsel Katrina Callaway based on her review of the bills. Any…
By: Katrina Callaway, FIC General Counsel On January 12, 2017, the Senate Appropriation Committee was scheduled to hear testimony from the Florida Hurricane Catastrophe Fund (FHCF) and Citizens Property Insurance Corporation about their financial status and outlook. However, the Committee ran out of time before hearing the scheduled testimony. The Committee next meets on January…
By: Katrina Callaway, FIC General Counsel The House Insurance & Banking Subcommittee took testimony from stakeholders in the AOB dispute during their first committee meeting on January 11, 2017. The House committee meeting came one day after AOB debate began in the Senate Banking & Insurance Committee. Like in the Senate, the House meeting became…