News & Updates

legislature

Next Legislative Session Just Around the Corner

Next Legislative Session Just Around the Corner

It’s hard to believe September is here. It seems like the 2019 legislative session just concluded.   In reality, though, the 2020 session is just around the corner. The 2020 session will have an early start date—it runs from January 14 through March 13 (assuming it ends on time). The early start date means committee meetings will […]

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AOB Reforms Take Effect

AOB Reforms Take Effect

Many proposals that passed in the 2019 legislative session take effect July 1.  This includes most portions of the Assignment of Benefits (AOB) reform bill passed by the legislature this year.  Although the legislature passed other legislature accelerating the effective date of a new method for dealing with attorneys’ fees, the core portions of the […]

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Salary Credit Against Premium Tax Remains Intact

Salary Credit Against Premium Tax Remains Intact

The 2017 legislative session might be best remembered for key initiatives that did not pass–  the legislature did not address the “assignment of benefits” issue and the increases to workers’ compensation insurance rates following recent Florida Supreme Court opinions.  The legislature also did not act with respect to Florida’s premium tax credit for salaries paid to […]

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Lack of AOB Reform Likely to Put Pressure on Rates and Availability

Lack of AOB Reform Likely to Put Pressure on Rates and Availability

After only limited committee discussions during the 2017 session, the Florida legislature failed to adopt reforms to this state’s “assignment of benefits” problem.  The Florida Office of Insurance Regulation and Citizens Property Insurance Corporation offered substantial testimony before the legislature regarding the nature of the problem, steps the legislature could take to fix the problem, […]

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Key Insurance Issues Remain Unresolved as Session Progresses

Key Insurance Issues Remain Unresolved as Session Progresses

As the Florida legislature enters the final few weeks of the 2017 regular session, several important insurance issues remain unresolved.  One of the most prominent insurance issues in need of a legislative solution is the “assignment of benefits” issue.  Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation chief executive officer Barry Gilway, and a number […]

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Debate Over Workers Compensation Reforms to Continue

Debate Over Workers Compensation Reforms to Continue

The Florida Office of Insurance Regulation (OIR) recently issued an order granting contingent approval to a statewide average rate increase of 14.5% for workers’ compensation insurance.  The approval is conditioned upon the National Council on Compensation Insurance’s making certain revisions to its initial filing, which proposed a 19.6% increase.  As ordered by the OIR, the rate […]

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Session Reaches Final Week But More to Come

Session Reaches Final Week But More to Come

The legislature’s 2015 regular session has reached its final week.  However, due to continuing negotiations over the budget, the legislature is heading toward either an extension of the session or a separate special session.  Either way, the legislature will spend additional time in Tallahassee.  However, the decision whether to extend the session or convene in […]

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FHCF Initial Event Fully Funded

FHCF Initial Event Fully Funded

The Florida Hurricane Catastrophe Fund (FHCF) recently announced that it anticipates being able to fully fund its $17 billion in initial season obligations and being able to support a large portion of a subsequent season’s obligations. Under its most recent projections, the FHCF would fall about $5 billion short of providing another $17 billion in […]

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An Early Look at the 2013 Legislative Agenda

An Early Look at the 2013 Legislative Agenda

The campaign commercials on TV are a constant reminder that the fall election cycle is rapidly approaching.  The presidential election commands most of the attention, but state legislative races have the most immediate bearing on insurance legislation in this state.  As soon as the winners emerge from this fall’s elections, the legislature will hold and […]

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