Florida Insurance Council - Covering Florida Since 1962
By: Sam Miller, FIC Consultant SB 850 Public Housing Authority Insurance — by RousonRouson amendment: PDF Legislation expanding groups allowed to form a public housing authority self-insurance fund was approved by the Senate Banking & Insurance Committee March 27. It now has cleared insurance committees in the House and Senate, although it still is before…
By: Katrina Callaway, FIC General Counsel On March 22, 2017, the House Commerce Committee approved, HB 805, which simplifies the transfer of residential insurance policies from a “pup” to the parent company. The bill was amended to conform it to the Senate bill and will now be heard on the House floor when scheduled by…
By: Sam Miller, FIC Consultant A second key legislative committee in 24 hours has approved a plan to simplify the transfer of residential insurance policies from a “pup” to the parent company or other transfers. There are major differences in the House and Senate proposals. The House plan (HB 805) passed the House Appropriations Committee…
By: Katrina Callaway, FIC General Counsel A Senate committee bill opposed by the insurance industry and others to repeal the International Code (I Code) as the baseline building code in Florida and make the current Florida Building Code the baseline code passed its second committee on March 15, 2017. Although the bill was passed by…
By: Katrina Callaway, FIC General Counsel House bill 421 expands entities allowed to form a public housing authority self-insurance fund. It unanimously passed its second committee on March 15, 2017 and has one committee left. The bill is sponsored by Rep. Sean Shaw, a former Consumer Advocate with the Department of Financial Services. The…
By: Katrina Callaway, FIC General Counsel On March 14, 2017, the House Insurance and Banking Subcommittee spent over two hours on the House AOB bill, HB 1421, sponsored by Rep. Grant. Most of the committee time was spent discussing a delete everything amendment (#857069) that first surfaced the night before the committee meeting. That amendment…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee approved SB 812 on March 14, 2017 with one amendment. The amendment makes the Senate bill different than the House bill as further discussed below. The changes to the Senate bill were insisted upon by Sen. Farmer, a trial attorney, to alleviate…
By: Katrina Callaway, FIC General Counsel All member sponsored bills have been filed for the 2017 Session. Following is a summary of bills filed as of March 12, 2017 that FIC is following related to property insurance, Citizens Property Insurance Corporation, and the Florida Hurricane Catastrophe Fund. The summary was prepared by FIC General…
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…