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Author Archives: IIABC
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Legislative Update
Important Legislative Issues
by John Pisula
- PIP Repeal (HB1063 and SB1766) continues to be debated. Though the House and Senate versions are very different, each contains mandates for BI and would be effective January 1, 2018.
- AOB (HB1421 and SB1218) appears to be going nowhere at this point.
- Workers’ Compensation (HB7085 and SB1582) meaningful reform seems to be getting put off at this point as the two bills are not similar in meeting the goals supported by the business and insurance industry.
- Diligent Effort interpretation was cleared up by DFS and it is no longer an issue, FAIA stated that “agents can export CR risks on a difference in coverage and properly filling out the DE form”.
Register for February 17th Legislative Priorities Webinar
Don’t forget to register!
FAIA’s Friday Morning Live 2017 Legislative Preview with Dave Newell, Laura Pearce, Kyle Ulrich
Description: Update from Citizens. Topics include policyholder choice, call Citizens First, 2017 rates and more.
Click here to register
Get Caught up on Pressing Legislative Issues!
Register for Friday Morning Live! Legislative Session Preview |
Join FAIA’s legislative team for a special Friday Morning Live! at 10:00 a.m. (ET) February 17. Topics will include assignment of benefits, workers’ compensation, PIP repeal, and much more. Register. (February 17 is also the last day to register for Capitol Days if you want to receive a long-sleeve T-shirt members will wear during visits on the hill.) |
The OIR limited WC rate increase and eliminated in-force policy changes
The approved rate of 14.5% set to begin December 1, 2016. This is below the 19.6% sought by National Council on Compensation Insurance (NCCI).
Florida Insurance Commissioner David Altmaier hinted at such a decision during his speech September 22, 2016 at the IIABC Installation Dinner.
http://www.floir.com/PressReleases/viewmediarelease.aspx?id=2177
Resume
Please see attached resume:
Victoria Williams
Citizens Board Approves 2017 Rates
CPIC acknowledges a need to raise HO rates due to the high cost of water damage claims and assignment of benefits costs in their claims handling. We need to keep up the pressure to address these issues in our legislative agenda.
Article available on the link below: