News & Updates

Florida Legislature

Florida Surplus Lines Office (FSLO) Ready to Implement Nonadmitted and Reinsurance Reform Act (NRRA)

Florida Surplus Lines Office (FSLO) Ready to Implement Nonadmitted and Reinsurance Reform Act (NRRA)

| Written By: Travis Miller | Insurance

The Florida legislature passed Senate Bill 1816 authorizing the Florida Surplus Lines Office to implement NRRA, a Federal law designed to simplify surplus lines regulation by delegating most of the responsibility to the “home state” of the insured.  How much taxation is actually simplified remains to be seen as a myriad of state laws and […]

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A Look at SB 408’s Reinsurance Cost Recovery

A Look at SB 408’s Reinsurance Cost Recovery

| Written By: Travis Miller | Insurance

In the property insurance arena, the legislative process is a delicate balancing act as the House and Senate attempt to make adjustments that will lead to insurance coverage that is both available and affordable while also ensuring that consumers are protected.  SB 408, which recently passed in the legislature and is awaiting action by Governor […]

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Session Draws to Close; RTYC Reports Coming

Session Draws to Close; RTYC Reports Coming

| Written By: Travis Miller | Insurance

The 2011 session of the Florida Legislature came to a close late last night (or this morning, as it went until about 3:00 a.m.). Most of the insurance related issues were resolved one way or the other by Thursday, including the chambers’ passing the major property insurance bill. One of the final insurance bills that […]

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