• Insurance Assist ownership with placement of property insurance as requested.
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This bill updates regulations for 'surplus lines' insurance—policies provided by insurers not fully licensed in Florida. It modifies requirements for proving that standard insurance was unavailable, shifts various consumer protection and claim-handling rules into the surplus lines law, and restricts the ability of policyholders to assign insurance benefits to third parties.
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This bill would have required property insurance companies to prove that payments made to their affiliated businesses are fair and reasonable. It also would have granted state regulators new authority to block dividends, restrict fund transfers during emergencies, and require all affiliates to register with the state.
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The House Subcommittee on Housing, Community Development, and Insurance held a hearing to discuss the challenges small and midsized nonprofits face in obtaining affordable property insurance. The discussion centered on H.R. 4523, a bill that would allow risk retention groups to provide property insurance to these organizations.
The House Subcommittee on Housing and Insurance held a hearing on September 28, 2017, to examine the insurance landscape for nonprofit organizations. The session included testimony from industry experts, insurance association representatives, and the Congressional Research Service.
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A new report from the Florida Office of Insurance Regulation shows a significant decline in property insurance claims and lawsuits in 2025 compared to previous years. Officials attribute this trend to legislative reforms passed in 2023 aimed at reducing insurance-related litigation.
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This bill establishes a mandatory, non-adversarial process for resolving property insurance claim disputes in Florida. It requires insurers to notify policyholders of this option and creates a pathway for filing petitions with the Division of Administrative Hearings to settle claims before litigation or appraisal.
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