Category: Florida Legislative News

  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.  …

  Bill authorizes the acquisition of coastal land for flood mitigation and preservation Florida Senator Jeff Brandes (R-St. Petersburg) filed SB 584 relating to the Peril of Flood today, October 20, 2015.  The bill would create a flood mitigation and …

  The U.S. Department of the Treasury’s Federal Insurance Office released a report on October 9, 2015 entitled “The Process for Certifying an ‘Act of Terrorism’ Under the Terrorism Risk Insurance Act of 2002” (“Report”). Mandated by the Terrorism Risk …

  Led by Federal Insurance Office Director Michael McRaith, a panel of insurance industry leaders testified in Washington D.C. at a U.S. House of Representatives Financial Services’ Housing and Insurance Subcommittee hearing yesterday, September 29, 2015.  Entitled “The Impact of …

  New FIO Report Highlights Key Developments Throughout the U.S. Insurance Industry  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its third Annual Report on the Insurance Industry (“Report”) today, September 28, 2015.   Under the Dodd-Frank …

  New Report Examines the State of the U.S. Market for Natural Disaster Insurance The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released a statutory report on the current state of the market for natural catastrophe insurance in …

  Yesterday, September 23, 2015, the U.S. Department of the Treasury announced the appointment of nine individuals to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (“ACRSM”).  The ACRSM, authorized by the Terrorism Risk Insurance Program Reauthorization Act …

  In an August 31, 2015 letter, the Financial Services Roundtable (“FSR”) requested the Federal Insurance Office (“FIO”) to withdraw its proposal to calculate a new auto affordability index, explaining that the FIO proposal fails to recognize key factors that drive insurance …