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2017 Florida Legislative and Regulatory Outlook for Property-Casualty Insurers

Contact: Benjamin Tomchik
(202) 828-7129

WASHINGTON, D.C. March 16, 2017  The American Insurance Association (AIA) issued the following legislative and regulatory outlook for property-casualty insurers in Florida. With the state’s 2017 legislative session having begun, AIA staff is available to help reporters recap and break down important policy issues. 

A statement from Ron Jackson, AIA’s vice president for state affairs, southeast region, follows: 

“As the Florida legislature begins their 2017 session, urgent legislative action is needed to reverse the harmful effects of the state supreme court’s decision in Castellanos v. Next Door Co. This ruling practically eliminated the long-standing attorneys’ fee schedule and is hastening a return of uncapped attorneys’ fees and excessive litigation that plagued the Florida market prior to reform.

Failure to adequately address the incentives for litigation will destabilize Florida’s well-functioning workers’ compensation system, harming local business as a result.  It will trigger the type of crisis that resulted in the passage of the 2003 workers’ compensation reforms.  We’ve already seen the adverse effect of the Castellanos decision with NCCI’s 14.5% rate hike which will hurt Florida businesses.

AIA, working with Associated Industries of Florida, is urging policymakers to remedy the crisis by joining the majority of states where claimants are responsible for the payment of their attorneys’ fees.  

We are also continuing to support efforts to reform the state’s auto insurance system. AIA has long advocated that Florida’s Personal Injury Protection (PIP) law should be repealed and replaced by a bodily injury liability system.  Doing so would help to reduce flagrant fraud and abuse in the legal system.  As part of that effort, AIA believes Florida should enact sensible reforms to the state’s third-party bad faith system and address the issue of uninsured motorists.  AIA hails the filing of HB 461 by Rep. Bill Hager which is intended to address all three of these issues.”

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

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