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The Florida legislature is back in session from June 1 through as late as June 20 with the primary objective of passing a state budget. The special session became necessary when the House of Representatives abruptly ended its work in the regular session three days early over a disagreement with the Senate as to healthcare […]
After one of the strangest finishes to a regular session that we’ve seen, the Florida legislature will convene in a special session starting June 1 to deal with the budget and potentially other issues. The special session will begin June 1 and will conclude by June 20, with the possibility that it could end earlier […]
In an unusual move, the Florida House of Representatives adjourned this afternoon and effectively ended the 2015 legislative session. The Florida Senate remains in session, but at this point it can only pass legislation that has already passed the House. The House’s adjournment came after comments from Speaker Crisafulli indicating that the two chambers have […]
Bills in the Senate and the House of Representatives relating to the assignment of benefits under insurance policies, or AOB as it has been called, have stalled in committees in the respective chambers. Senate bill 1064 was on the agenda for last week’s Senate Judiciary committee meeting, but the committee had a lot of bills […]
Insurance committees in both the House of Representatives and the Senate meet today to consider a range of bills. The action begins in the House at 9:00, where the committee will hear HB 715 relating to Citizens Property Insurance Corporation as well as several other measures. In the afternoon, the Senate Banking & Insurance Committee […]
SB 1832 relating to repealing the insurance industry’s salary tax credit against the premium tax came up today in the Senate and passed 39-0. The bill’s sponsor, Senator Negron, discussed the rationale for the amendment, which essentially is to return the money to the citizens of Florida in the form of lower vehicle registration fees and not […]
The size of the Florida Hurricane Catastrophe Fund in future years continues to be a widely discussed issue in the current legislative session. We have now reached the halfway point but it is still unclear how this issue will play out. Jack Nicholson of the FHCF advocated a reduction in the FHCF’s size last year […]
The Florida legislature is expected to take steps this session to improve the Florida property insurance market. After a series of committee meetings, some of the ideas are beginning to take shape. According to Senate Banking & Insurance Chairman David Simmons, the committee will have a bill dealing with issues relating to Citizens Property Insurance […]
The Florida House of Representatives has advanced its version of the proposal allowing surplus lines insurers to take policies from Citizens Property Insurance Corporation, leaving the issue in the hands of the Senate. By a vote of 66-48, the House passed HB 245 allowing surplus lines insurers meeting certain requirements to enter into Consent Orders […]
