Recap of Week 3 & Preview of Week 4 of Session
It’s because we’ll be at the midpoint of the 2022 Florida Legislative session after this week that we’ve seen a flurry of activity in the last few days, with …
Bill Watch
Story Tag: Citizens Property Insurance
Bill Watch
Recap of Week 2 & Preview of Week 3 of Session
The Florida Legislature today begins the third week of its scheduled nine-week session with some good news: the latest state revenue estimates released this past Friday show $4 billion …
Bill Watch
Recap of Week 1 & Preview of Week 2 of Session
The 2022 Florida Legislative session goes into its second week today fortified by a lot of new bills filed just before the deadline that address some needed changes in …
Citizens Pushing Higher Rates
Bonds vs. reinsurance considered
Pending any legislative action that would help depopulate its burgeoning 750,000 policy count, the Citizens Property Insurance Corporation’s Board of Governors on December 15 approved the maximum rate increase currently allowed by law: 11% for the …
Bill Watch
Preparing for the January 11 Florida Legislative Session
We start the New Year with a couple of new laws regarding peer-to-peer car-sharing rentals and notaries, together with a 4.9% decrease in workers’ compensation rates. There’s a new Secretary of the …
Bill Watch
End of committee weeks
The last of the Florida Legislature’s six committee weeks ended on December 3 with little action on insurance issues, as we now prepare for the regular 60-day session to start January 11. The big news was …
Call for Insurance Market Reform Grows
Ratings chief makes the case
Another person who really knows about Florida’s property insurance market is Joe Petrelli. He’s President and Co-Founder of Demotech, a financial analysis and actuarial services firm that rates 42 insurance carriers that focus on Florida’s …
Bill Watch
Week #5 of the Legislative Session
Assignment of Benefits (AOB) reform goes before the full House on Wednesday, as the Senate’s version goes through further review and vetting. Both chambers will begin budget negotiations this sixth week. Last week the …
Bill Watch
Week #3 of the Legislative Session
As we begin week four of the session, the good news for the Florida Legislature is that it has an unexpected $201.3 million in extra money to spend in this fiscal year which ends …
Bill Watch
Week #1 of the Legislative Session
The Florida Legislature convened its 2019 session this past week with Assignment of Benefits (AOB) reform bills now moving in both chambers and Governor DeSantis noting AOB “has really degenerated into a racket” that …
