Category: Legislative Updates

  Given the federal government’s fiscal exposure should the Terrorism Risk Insurance Act (“TRIA”) be re-authorized beyond 2014, the U.S. Government Accountability Office (“GAO”) was asked to review the TRIA program, on which it issued a report yesterday, June 11, …

  The U.S. Senate Committee on Banking, Housing and Urban Affairs (“Committee”) unanimously approved S. 2244, also known as the “Terrorism Risk Insurance Program Reauthorization Act of 2014” (“TRIA”), during a markup hearing today, June 3, 2014.  The bill extends …

  Governor Rick Scott signed the 2014-2015 State of Florida Budget (HB 5001) today, June 2, 2014. Governor Scott’s transmittal letter to Secretary of State Ken Detzner is below, followed by hyperlinks to budget highlights. To go directly to the …

  Colodny Fass& Webb has updated its bill tracking chart as of May 22, 2014, to reflect the latest actions taken on insurance-related legislation that passed during the 2014 Florida Legislative Session.   This chart, which is attached, is designed …

  The U.S. House Committee on Financial Services’ Housing and Insurance Subcommittee (“Subcommittee”) reviewed five legislative proposals addressing domestic insurance issues yesterday, May 20, 2014, during a hearing entitled “Legislative Proposals to Reform Domestic Insurance Policy.” The one-panel hearing included …

  Limiting federal fiscal exposure to severe weather events has become a growing challenge, inasmuch as responsibility for actions that enhance disaster resilience rests largely outside the federal government, U.S. Government Accountability Office (“GAO”) Homeland Security and Justice Acting Director …

  The Federal Emergency Management Agency (“FEMA”) has yet to fully address certain administrative recommendations relating to the National Flood Insurance Program (“NFIP”) that have been noted in the past by the U. S. Government Accountability Office (“GAO”), the GAO …

  LAST CHANCE to REGISTER — WEBINAR TODAY! Florida’s 2014 Legislative Session is now history.  But plenty of complex insurance legislation meant the action was fast and furious right up until the end. Get the complete story on what passed, …

  During its Session today, May 1, 2014, the Florida Senate accepted five amendments by the Florida House of Representatives’ on CS/CS/SB 1672 that would effect various revisions to Florida’s property insurance laws relating to Citizens Property Insurance Corporation (“Citizens”). …

  With the Florida Senate’s passage today, May 1, 2014, CS/CS/CS/SB 542, which would create a regulatory framework for a private market flood insurance program in the state, will now go to Governor Rick Scott for action.  To view the bill …