Description: The Florida Insurance Council (FIC) is a state trade association that represents insurance companies and related businesses operating in Florida. FIC's work focuses on advocating for a stable and competitive insurance market in the state, tracking and analyzing proposed legislation and regulation, educating members and the public on insurance issues, and engaging with elected officials, regulators, and the media on matters affecting insurers and policyholders. Type: Nonprofit trade association (501(c)(6)) Policies: Advocacy on insurance regulation and rate-setting, property and casualty market stability (including hurricane and reinsurance issues), licensing and agent/producer rules, regulatory rulemaking and compliance, anti-fraud and claims handling policy, tort reform and litigation-impact issues, and industry-facing consumer education initiatives. Funding: Primarily funded by membership dues and fees from insurance company, reinsurer, associate and subscribing members, plus sponsorships and event revenue. Affiliates: Member insurance companies (examples cited by FIC include CNA and Florida Farm Bureau Insurance), reinsurers and industry service firms; allied national and state trade groups (industry associations and advocacy partners); and an affiliated political committee used for state-level campaign activity.
