Residual Market Insurers ̶ HB 643 by Rep. John Snyder (R-Stuart) and the identical SB 1184 by Senator Nick DiCeglie (R-St. Petersburg) are dead. They did not progress during the week of March 31. Most likely the bills did not …
Other
Litigation Financing
Litigation Financing ̶ SB 1534 by Senator Jay Collins (R-Tampa) picks up where past efforts in recent sessions made no progress in regulating third-party funding of lawsuits against businesses, including insurance companies. This bill is dead having never received an …
Insurance (Truenow)
Insurance ̶ SB 230 by Senator Keith Truenow (R-Tavares) would put new restrictions on bad faith claims by first requiring a court ruling and final judgment that an insurance company breached the policy contract before a bad faith claim could …
Court Judgment Interest Rates and Insurance Reports and Practices
Court Judgment Interest Rates and Insurance Reports and Practices ̶ HB 451 by Rep. Alex Andrade (R-Pensacola) and the similar SB 554 by Senator Don Gaetz (R-Pensacola) would essentially undo the 2023 tort reform under HB 837 that eliminated one-way …
Property Insurance Claims
Property Insurance Claims ̶ SB 1508 by Senator Tom Leek (R-Ormond Beach) and the similar HB 1087 by Rep. Randy Maggard (R-Dade City) remove the existing alternative procedure for resolving disputed residential property insurance claims (mediation) and replaces it with …
Insurance
Insurance ̶ HB 1047 by Rep. Kim Berfield (R-Clearwater) is a wide-ranging bill that touches on various aspects of Florida’s insurance laws. HB 1047 is comparable to SB 230 by Senator Truenow below (“Bills Not in Play”) and SB 790…
Attorney Fee Awards in Insurance Actions
Attorney Fee Awards in Insurance Actions ̶ HB 1551 by Rep. Hillary Cassel (R-Dania Beach), an attorney, and the similar SB 426 by Senator Jonathan Martin (R-Fort Myers), another attorney, would essentially undo the 2023 session’s elimination of one-way attorney …
Insurance Costs Threaten Florida Real-Estate Boom
April 25, 2021, By Leslie Scism and Arian Campo-Flores | Photographs by Alfonso Duran, Wall Street Journal
MIAMI – Florida’s property-insurance market is in trouble, as mounting carrier losses and rising premiums threaten the state’s booming real-estate market, according to …
Reforming Florida’s broken insurance market
April 12, 2021, By Fiona Robertson, Inside P&C
Florida’s Senate has supported a major reform bill that would address multiple challenges that are crippling the state’s domestic insurance carriers, but as insurers struggle to remain afloat, anxieties are running high …
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