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Of the seven Florida bills passed in the first half of 2023, Senate Bill 1102 updated the claims process surrounding motor vehicle glass damage. The remaining six bills focus on insurer ...
The bill makes several other changes, including limiting how insurers can deny a claim and requiring insurers to reduce rates when the Legislature passes laws reforming the industry. SB 178 ...
Enter the Florida Legislature, which passed a slew of reforms in December 2022 to crack down on litigation costs and limit the state's involvement in the property insurance market, including a ban ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
On February 9, 2018, Congress passed the Bipartisan Budget Act of 2018, which reauthorized CHIP for an additional four years. [66] The bill was passed by vote of 71–28 in the Senate [67] and by a vote of 240–186 in the House of Representatives. [68] President Trump signed the bill into law that same day, [69] allowing for CHIP's extension ...
Ever since 1992′s Hurricane Andrew upended the state’s insurance market, the state has been dominated by small, Florida-based insurance companies. ... the Senate passed the bill with no debate ...
Passed the Senate on January 30, 2014 (Roll Call Vote 19: 67–32) The Homeowner Flood Insurance Affordability Act of 2014 (S. 1926) was a United States Congress bill that would have delayed the increases in flood insurance premiums that were part of the Biggert–Waters Flood Insurance Reform Act of 2012. [1][2] The reforms from that law were ...
April 16, 2024 at 2:36 PM. In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial ...