Category: Legislative Updates

  Federal Insurance Office Director Michael McRaith and Tennessee Insurance Commissioner and National Association of Insurance Commissioners Vice President Julie Mix McPeak will be on the witness panel for the U.S. House Financial Services Subcommittee on Housing and Insurance hearing …

  Private insurers’ takeout offers could be more readily accepted after implementation of Florida’s Citizens Property Insurance Corporation’s (“Citizens”) “Depopulation Enhancements for Policyholder Choice” Program (“Program”), which will be reviewed at Citizens’ Market Accountability Advisory Committee meeting tomorrow, September 27, …

  The Federal Emergency Management Agency  (“FEMA”) is justified in not implementing Community-Based Flood Insurance (“CBFI”), the U.S. Government Accountability Office (“GAO”) reported on August 24, 2016 in its statutory review of a related FEMA study published earlier this year.  …

  Does the current regulatory environment pose barriers to growing the private flood insurance market?  This was the question the U.S. Government Accountability Office (“GAO”) set out to answer in its recent report (GAO-16-611) issued during July 2016 entitled “Potential …

  Just before the June 1 start of the 2016 Hurricane Season, U.S. Senator Marco Rubio (R-Fla.), chairman of the Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, convened a hearing entitled “Improvements in Hurricane Forecasting and the Path Forward” …

  Effective October 1, 2016, certain insurers and insurance groups will be subject to the requirements of SB 1422 relating to Insurer Regulatory Reporting, which was signed into law by Florida Governor Rick Scott this past Friday, April 8.   …

  Signed into law by Governor Rick Scott on April 6, 2016, SB 1274 will now allow insurers to offer a new type of personal lines residential sinkhole insurance coverage in Florida. Effective July 1, 2016, the legislation creates s. …

  Relying on the state-based insurance regulatory system to oversee the delivery of property insurance coverage for flood insurance by private insurers would be the best way for Congress to move federal government expenditures and activities towards investments in resiliency …

  Politico Florida’s Christine Sexton reported this afternoon, December 30, 2015, that a federal appeals court in Atlanta has upheld 2012 reforms to Florida’s Personal Injury Protection laws that limit the $10,000 medical benefit to $2,500 when emergency medical care …

  Following months of speculation that a proposal would surface to eliminate Florida’s Motor Vehicle No-Fault (Personal Injury Protection) statute, State Senator Jeff Brandes filed SB 1112 on December 11, 2015, which would provide for the law’s repeal in 2019.  …