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Governor Rick Scott has declared a state of emergency for Northwest Florida as Hurricane Michael takes aim at the region. The state of emergency covers 26 counties in the Panhandle, through Tallahassee and eastward. If the storm continues to move as anticipated, we can expect closures of state offices, schools and similar organizations later in […]
U.S. Representative Ron DeSantis has filed to run for governor in 2018, joining Florida’s current Commissioner of Agriculture Adam Putnam. In addition, Florida Speaker of the House Richard Corcoran has been rumored as a likely candidate, although he has not formally joined the race. DeSantis received a boost in name recognition when President Donald Trump […]
With hurricane season now being only a month away, the Florida Department of Financial Services (DFS) has taken the opportunity to remind licensees of unique claims adjusting requirements that apply during states of emergency. The Governor typically will declare a “state of emergency” during a hurricane affecting Florida. Among other things, the declaration of an emergency invokes […]
Tropical Storm Colin underscored recent reminders about the need to be vigilant during hurricane season. As we entered last weekend, there was barely a mention of a storm event affecting Florida this week. However, seemingly from nowhere, Colin emerged and began making its way to the Florida gulf coast. By Monday, Governor Rick Scott declared […]
The state’s search for a new insurance commissioner to replace outgoing commissioner Kevin McCarty will continue into April. The four-member Financial Services Commission (Governor and Cabinet) is responsible for selecting the next commissioner by majority vote, with the caveat that the Governor (Rick Scott) and Chief Financial Officer (Jeff Atwater) must be on the prevailing side. The […]
The Financial Services Commission (FSC), consisting of the Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture, discussed the process of finding Florida’s next Insurance Commissioner at their regularly scheduled Cabinet meeting. The FSC intends to conduct a nationwide search and agreed to potentially increase the compensation level to attract highly qualified candidates. The […]
Florida Insurance Commissioner Kevin McCarty’s announcement that he is resigning effective May 2, 2016, puts Florida in a position it has been in only once before– needing to appoint an insurance commissioner to lead the Florida Office of Insurance Regulation (OIR). McCarty is the first, and only, insurance commissioner appointed after the restructuring of the […]
The legislature made two key changes to Section 627.43141 relating to the Notice of Change in Policy Terms. These changes, set forth in HB 273, passed in the 2015 legislative session and now have been approved by the Governor. They are reflected in Chapter Law 2015-170. The statute has been troubling to insurers because it has suggested that […]
The Florida legislature passed House Bill 273 in the 2015 regular session allowing the electronic delivery of personal lines insurance documents. The bill has been approved by the Governor and is now reflected in Chapter Law 2015-170. The new law amends section 627.421, Florida Statutes, to provide that personal lines policyholders may affirmatively elect to […]
The legislature passed HB 189 in the 2015 regular session relating to the admissibility of receivables arising from the recoupment of Florida Insurance Guaranty Association (FIGA) assessments. Upon now being approved by the Governor, the new law takes effect July 1, 2015. The new law relates to FIGA assessments that are paid by an insurer before being […]
