Category: Legislative Updates
Jan 25, 2013
Various insurance-related issues were taken up during interim meetings of legislative committees in both chambers of the Florida Legislature this week. Following are summaries of each meeting: House Government Operations Appropriations Subcommittee During the House of Representatives’ Government …
Jan 23, 2013
The NEWS SERVICE of FLORIDA reported the following legislative developments today, January 23, 2013, involving the Florida Hurricane Catastrophe Fund: Cat Fund Managers Get OK for $2 billion Pre-Storm Effort Managers of the Florida Hurricane Catastrophe …
Jan 18, 2013
Senate Bill 242, which would provide for the establishment of the Interstate Insurance Product Regulation Commission (“IIPRC”) in Florida, was filed last week by Senator Dorothy Hukill. The bill was referred to the Senate Committees on Banking and Insurance, …
Jan 17, 2013
Insurance-related committees in both the Florida Senate and House of Representatives heard presentations from high-level officials this week on issues impacting the Florida insurance market. Below is a summary of each meeting: House Insurance and Banking Subcommittee The …
Dec 6, 2012
Filed today by Senator Anitere Flores, today, December 6, 2012, Senate Bill 96 specifies that Citizens Property Insurance Corporation could not increase rates by more than 10 percent for new or existing policies, except for sinkhole coverage. To access …
Dec 5, 2012
The Florida Senate Committee on Banking and Insurance (“Committee”) met today, December 5, 2012. After introductions, the Chairman, Senator David Simmons, stated that some areas of the insurance market are “broken,” and that Florida needs a competitive insurance market. …
Dec 5, 2012
The Florida House of Representatives’ Insurance and Banking Subcommittee (“Subcommittee”) met yesterday, December 4, 2012. State Representative Bryan Nelson, the Chairman, provided time for Subcommittee members to introduce themselves and then introduced the Subcommittee Staff members. Florida Department of …
Nov 29, 2012
The Florida Office of Insurance Regulation (“OIR”) has drafted legislation to comply with the National Association of Insurance Commissioners Model Insurance Company System Regulatory Act (the “NAIC Model Act”). The NAIC Model Act is intended to determine the best …
Nov 28, 2012
Florida Senate President Don Gaetz announced committee assignments for the 2013 and 2014 Legislative Sessions in a memorandum issued today, November 28, 2012. Of note, every senator has been asked to serve on two appropriations subcommittees. Senators David Simmons …
Nov 26, 2012
In separate announcements today, November 26, 2012, Florida’s legislative leaders named key Senate leadership positions and House of Representatives committee and subcommittee assignments for the 2013 Florida Legislative Session. In the House, State Representative Bryan Nelson will continue to …