Category: Legislative Updates

On Tuesday, March 10, 2009, the Florida House of Representatives Insurance, Business and Financial Affairs Policy Committee (“Committee”) met and considered several insurance-related bills.  In actions of particular importance to the insurance industry, the Committee voted in favor of House …

Please note the following update from Insurance Journal regarding United States Congressional action on today’s expiration of the National Flood Insurance Program. Should you have any questions or comments, please contact Colodny Fass.   National Flood Insurance Expected to Get …

The United States House Financial Services Committee issued the following release on March 5, 2009: Frank to Continue Financial Reform Agenda Committee to also complete work on Mortgage Reform/Anti-Predatory Lending and Credit Card Legislation Washington, DC – House Financial Services …

Also known as the corporate income tax “glitch” bill, SB 1112 by Senator Thad Altman became the first bill to be approved by the 2009 Florida Legislature.  After passage by the Senate earlier this week (39-1), the House of Representatives …

On March 6, 2009, the Florida House Insurance, Business and Financial Affairs Committee met in Tallahassee.  To view the Committee packet, click here. Chairman Pat Patterson recognized State Representative Janet Long as a new member of the Committee.  Below is …

The Florida Senate Policy and Steering Committee on Ways and Means Committee met on March 5, 2009 and, at the request of Chairman J.D. Alexander (R-Lake Wales), heard testimony from Florida’s Insurance Commissioner Kevin McCarty about the Florida Hurricane Catastrophe Fund …

  Above:  Florida Governor Charlie Crist Delivers State of the State Address on Opening Day of the 2009 Legislative Session   The press release below was issued subsequent to Florida Governor Charlie Crist delivering his State of the State Address …

Legislation designed to “correct” Florida statutes that would have “neutralized” the provisions of a Federal Stimulus Bill that allowed accelerated first-year corporate depreciation deductions and additional first-year expensing by corporate taxpayers passed the Florida Senate by 39-1 on March 3, …

Today, Wednesday March 4, 2009, the Florida Senate Banking and Insurance Committee (“Committee”) met in Tallahassee.  Upon the opening of the meeting, Senator J.D. Alexander (R-Winter Haven) asked that further questioning of Florida Office of Insurance Regulation (“OIR”) officials take …

The Senate Banking and Insurance Committee met on Wednesday, March 4, 2009.  Items on the agenda included: SB 742:  Relating to Property Insurance Rate Reduction by Senator Mike Fasano SB 742, the “Property Insurance Rate Reduction Act,” would require that …