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The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. You can learn more here. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers […]
The Florida Legislature is in the final month of its annual 60-day regular session. This year’s session concludes May 3. For many who follow Florida’s residential property insurance market, the question this year is the same as in recent years— is this the year assignment of benefits (AOB) reform will pass? Floridians throughout the state […]
A Senate committee has advanced SB 1052 on a 5-3 vote. The bill is one of two proposals pending in the Senate that would replace Florida’s no-fault (PIP) auto insurance system with mandatory bodily injury coverage. The other Senate bill has not been heard in committee. Perhaps more importantly, the Florida House also has not […]
A second Senate committee has approved an adjusting to existing law relating to flood insurance disclosures. Last year, the legislature adopted a requirement for all homeowners’ policies to state that they do not cover flood damage. Unfortunately, there is no exception in the current law for policies that actually do contain flood insurance in the […]
Bills to fix a glitch in last year’s flood disclosure requirement have moved out of their first committees in the House and Senate, respectively. The legislature adopted a requirement last year for homeowners’ insurers to include a disclosure on their policies stating that the policies do not cover flood. However, the bill did not contain […]
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 […]
Two bills of interest to the auto insurance industry have been filed in the Florida House of Representatives. Neither has a Senate companion yet, although it is still early. HB 323 attempts to address concerns with an explosion of auto glass claims and resulting litigation. The bill would prohibit motor vehicle repair shops and their […]
In addition to leading Florida’s executive branch, Governor Ron DeSantis has an immediate opportunity to reshape the Florida Supreme Court. Three of Florida’s Supreme Court Justices– Barbara Pariente, Peggy Quince, and Fred Lewis, reached mandatory retirement coinciding with Governor DeSantis’ becoming Florida’s next Governor. Although sometimes it is difficult or even unfair to apply labels […]
Radey wishes all of our friends a happy and prosperous new year. As 2019 begins, Florida’s capital city will be embarking on a new era. Governor-elect Ron DeSantis will take office next week, succeeding Rick Scott who was Governor for eight years. Chief Financial Officer Jimmy Patronis returns, having been elected to the Cabinet office to […]
New Senate President Bill Galvano has signaled that the Senate might take up workers’ compensation reform notwithstanding that rates have decreased in the last two years. Galvano reasons that the recent downward trend in workers’ compensation rates might not be sustainable, and in fact might be followed by future rate increases, due to the Florida […]
