Category: Insurance Information Institute

Florida Representative Bill Proctor, sponsor of the controversial House Bill 1171, has written a letter to Florida Insurance Commissioner Kevin McCarty in response to Commissioner McCarty’s suggestions about the strength of the insurance market.  HB 1171, which would allow some …

A proposed Model Act relating to auto body damage claims and aftermarket parts and repair, along with proposed airbag fraud legislation will be among the issues scheduled to be discussed at the National Conference of Insurance Legislators (“NCOIL”) Summer Meeting …

Joe Petrelli, President of Demotech, Inc., gave an overview of the company and its rating analysis method during a recent Florida Insurance Council (“FIC”) meeting. The following is a brief summary of Mr. Petrelli’s comments: Demotech was incorporated in 1985 …

While acknowledging the importance of individual condominium unit owner property insurance coverage requirements contained in Senate Bill 714, Florida Governor Charlie Crist nevertheless vetoed the measure on June 1, 2009 because of his “great concern” over a provision in SB …

On Monday, June 1, 2009, Florida Governor Charlie Crist vetoed SB 714 relating to condominiums, which would have repealed certain requirements placed on condominium unit owners, including the mandate to maintain property insurance coverage, and a requirement that a condominium …

A meeting of Special Investigative Unit (“SIU”) personnel employed by Florida Property and Casualty Association (“FPCA”) members will be held on Wednesday, June 24, 2009, from Noon-3:00 p.m. in the Colodny Fass Fort Lauderdale Office at One Financial Plaza, 23rd …

Please review the attached draft letter to Florida Governor Charlie Crist requesting his veto of HB 1171 and provide any comments to Katie Webb at kwebb@cftlaw.com by Monday, June 1, 2009. FPCA Counsel has determined that the best course of …

The Florida Property and Casualty Association (“FPCA”) is in the process of drafting a letter to Florida Governor Charlie Crist requesting his veto of House Bill 1171, which is also known as the “Open Rating Bill.” Optimal timing of the …

The Florida Cabinet met on Wednesday, May 13, 2009, and considered a request for approval from the Florida Office of Insurance Regulation (“OIR”) to adopt a proposed automobile insurance-related Rule. The proposed Rule would provide that an insurer may not …

Please Note:   The attached outline has been updated based on FPCA member comments received today.  Please forward additional comments no later than Monday, May 18 at 5 p.m.   The deadline for member feedback on the attached outline that will be …