Category: Firm News

Tallahassee 5/31/18 – During its 2018 session the Florida Legislature passed a bill (CS/CS/CS/HB 1073) that eliminates Florida’s managing general agent (MGA) license requirement and replaces it with an appointment-only requirement. The legislation was signed by the Governor on March …

Colodny Fass shareholder Amy Koltnow obtained a significant appellate victory for insurers in De la Rosa v. Florida Peninsula Insurance Company, involving a late-reported water back-up claim. The trial court entered summary judgment in favor of the insurer finding as …

In the past year there have been several resignations in the Florida Legislature, for a variety of reasons. On May 1, 2018 House District 114 and House District 39 will be receiving new representation due to special elections and prior …

A proposed amendment to Rule 19-8.028, F.A.C. relating to the Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Premium Formula would exempt from FHCF participation any policy solely covering jewelry that is not associated with a policy covering a Residential Structure located …

Florida upped its score—achieving the top ranking in this year’s annual Insurance Institute for Business and Home Safety “Rating the States” report, but with a strong codicil from the organization.

“Diversity is a powerful competitive advantage–especially when it comes to litigation and negotiations,” Colodny Fass Executive Management Committee Member Amy Koltnow said.  “Danielle’s keen observation of cultural differences during a deposition, for example, can often substantially change the dynamics of a trial.”

Calling it “the first service to independently measure and identify the quality of pretax statutory earnings reported for a calendar year,” Demotech has introduced “SPEQUELLAE.”

Proposed amendments to Rule 19-8.028, F.A.C., Reimbursement Premium Formula relating to premium formula requirements for the Florida Hurricane Catastrophe Fund 2018-2019 Contract Year will be the topic of a Rule Development Workshop scheduled for March 21, 2018 at 9 a.m. …

In addition to creating a  definition  of  an  Insurance  Savings  and  Loan  Holding Company (“ISLHC”), H.R. 5059 creates a regulatory framework that would limit the Federal Reserve’s oversight of ISLHCs.  

The Florida Office of Insurance Regulation is in process of updating Rule 69O-137.002, F.A.C. relating to Annual Audit Financial Reports to incorporate new editions of standards developed by the American Institute of Certified Public Accountants for use in annual audited financial statements.