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Florida Insurance Commissioner David Altmaier has been named President-Elect of the National Association of Insurance Commissioners (NAIC), effective January 1, 2020. Commissioner Altmaier has been Vice President of the NAIC during 2019. “I am honored to have been chosen as President-Elect of the NAIC. This year, we have made significant progress on many key issues. […]
Insurance Regulation News, property insurance, Florida Building Code, Governor Ron DeSantis, climate change, coastal development
Florida Legislature, Insurance Regulation News, omnibus bill, HB 301, Governor Ron DeSantis
Governor Ron DeSantis has signed HB 7065 reforming the use of assignments in Florida’s property insurance market. He also signed HB 337 relating to Florida’s court system and also accelerating the effective date of HB 7065’s attorney’s fee revisions. Most of the law changes relating to assignments of benefits (AOB) take effect July 1. However, […]
Florida Legislature, Insurance Regulation News, property insurance, assignment of benefits, AOB, Governor Ron DeSantis, HB 7065
The House and Senate based a bill designed to more equitable handle insolvencies associated with long term care insurers. After passing both chambers without opposition, HB 673 goes to Governor Ron DeSantis for action. The bill largely follows the NAIC Model Act related funding long-term care insolvencies. In general, these insolvencies will be divided evenly […]
Governor Ron DeSantis had many topics to choose from as he addressed the legislature at the outset of this year’s session. More information here. However, the Governor opted to touch upon the highlights rather than exhaustively list the priorities of his first session as Governor. Among these, Governor DeSantis discussed the need for AOB reform, calling […]
The 2019 Florida legislative session in only about a week away. This year’s session will be different in some respects than recent sessions, if only due to significant changes in executive branch and legislative officers. The Governor’s office often sets the tone for legislative sessions through developing proposed budgets and advancing public policy issues. The […]
The Florida workers’ compensation insurance market presents interesting regulatory and legislative dynamics. Two Florida Supreme Court cases threatened to unravel some of the legislative reforms that helped reduce workers’ comp rates in this state. This prompted concerns among some policymakers that the legislative must revisit workers’ compensation laws to head off future rate increases for […]
