Category: Legislative Updates

Attached for your review is a complete analysis of draft legislation relating to property insurance issues that was generated from a recent series of workshop-style meetings with the Florida Senate Committee on Banking and Insurance (“Committee”) staff and insurance industry members. Although …

  The Florida Senate Committee on Banking and Insurance met today, February 2, 2010, during which it considered several insurance-related legislative proposals and a life insurance-related bill by Senator Mike Bennett.  To view the Committee packet, which contains individual bill …

Draft legislation relating to property insurance issues that was generated from a recent series of workshop-style meetings with Florida Senate Committee on Banking and Insurance (“Committee”) staff and insurance industry members was issued today, February 2, 2010.  Although not yet filed …

  Florida State Senator Garrett Richter (R- Naples) has filed Senate Bill 1460 relating to the Florida Hurricane Catastrophe Fund (“FHCF”) Contract Year.  The bill, which was filed on January 27, 2010, defines “Contract Year” as “the period beginning on …

A 5-4 United States Supreme Court ruling issued today, January 21, 2010, has lifted longstanding corporate restrictions on political campaign financing.   As reported in the Business Week article reprinted below, the ruling may affect labor unions.  To view the …

  The Florida Senate Committee on Banking and Insurance met today, January 12, 2010. The following is a brief review of the insurance-related matters that were discussed as part of the agenda. Dr. Shahid Hamid, who directs the  Laboratory for …

In a notice issued today, December 22, 2009, the United States Federal Reserve Board and the Federal Trade Commission announced that creditors generally will be required to notify consumers when less-than-optimal credit terms are offered through the use of risk-based …

House Bill 1B, the Florida commuter rail legislation that was approved by both chambers of the Florida Legislature yesterday, December 8, 2009, was sent to Florida Governor Charlie Crist for consideration today, December 9.  The Governor has until December 24, …

  Background and Overview Filed in the Florida Legislature by State Representative Bill Proctor on December 8, 2009, HB 447 would allow residential property insurers to use rates in excess of their filed rates.  The bill also provides that policies …

Together with State Representative Bill Proctor, Senator Mike Bennett held a media conference today, December 8, 2009, during which he discussed issues related to House Bill 447 (filed today) that would partially deregulate Florida property insurance rates. Senator Bennett opened …