Category: Firm News

Colodny Fass shareholder Amy Koltnow obtained a significant appellate victory for insurers in De la Rosa v. Florida Peninsula Insurance Company, involving a late-reported water back-up claim. The trial court entered summary judgment in favor of the insurer finding as …

In the past year there have been several resignations in the Florida Legislature, for a variety of reasons. On May 1, 2018 House District 114 and House District 39 will be receiving new representation due to special elections and prior …

A proposed amendment to Rule 19-8.028, F.A.C. relating to the Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Premium Formula would exempt from FHCF participation any policy solely covering jewelry that is not associated with a policy covering a Residential Structure located …

Florida upped its score—achieving the top ranking in this year’s annual Insurance Institute for Business and Home Safety “Rating the States” report, but with a strong codicil from the organization.

“Diversity is a powerful competitive advantage–especially when it comes to litigation and negotiations,” Colodny Fass Executive Management Committee Member Amy Koltnow said.  “Danielle’s keen observation of cultural differences during a deposition, for example, can often substantially change the dynamics of a trial.”

Calling it “the first service to independently measure and identify the quality of pretax statutory earnings reported for a calendar year,” Demotech has introduced “SPEQUELLAE.”

Proposed amendments to Rule 19-8.028, F.A.C., Reimbursement Premium Formula relating to premium formula requirements for the Florida Hurricane Catastrophe Fund 2018-2019 Contract Year will be the topic of a Rule Development Workshop scheduled for March 21, 2018 at 9 a.m. …

In addition to creating a  definition  of  an  Insurance  Savings  and  Loan  Holding Company (“ISLHC”), H.R. 5059 creates a regulatory framework that would limit the Federal Reserve’s oversight of ISLHCs.  

The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of Certified Public Accountants for use in annual audited financial statements.

Recent proposed technical changes to the Florida Building Code could have a potential impact on residential and commercial property insurance rates in the State of Florida, the University of Florida’s Center for Advanced Construction Information Modeling advised in its draft February 2018 report entitled “Economic Impact Analysis and Evaluation of Property Insurance Rate Impact Resulting from Potential Changes to the Florida Building Code form the ICC Base Code Provisions.”