LMA NEWSLETTER April 9, 2018

A Tribute To Integrity and Loyalty

This past week, I had the distinct pleasure of attending the retirement party for John Auer, CEO of St. Pete-based ASI property insurance company. John and I have been friends for over 20 years starting when I was a regulator. Never the one to want to take the stage, he would always make sure that …

Citizens Property Insurance Reopening a Third of Irma Claims

Managed repair program being fine-tuned, too

Citizens Property Insurance Corporation is now facing the more challenging of its Hurricane Irma claims, prompting the insurer to reopen more than one-third of the nearly 67,000 hurricane claims as more information comes in.   Those claims include properties with more extensive and complex damage, those where contractors haven’t provided …

Seven Months After Irma, Florida Counties Still Awaiting Federal Aid

Florida farm aid sign-ups won’t even begin for another 100 days

Florida counties, some still awaiting federal reimbursement for 2016’s Hurricane Matthew damage, have in some cases spent through their emergency reserves and are now having to borrow money to continue cleanup and repairs from last fall’s Hurricane Irma. Although Congress approved a $90 billion …

Insurance Companies Responding to Legislative Inaction on AOB Reform

Some companies no longer writing in Miami-Dade County

There are published reports of non-renewal notices showing up in mailboxes of homeowners in South Florida.  Those homeowners are being dropped by their insurance companies regardless of whether they filed a past claim or not and it’s all associated with increased costs connected to the use of …

FEMA to Provide Some NFIP Data to States

Wrap up of the spring NAIC meeting

In the aftermath of Hurricane Irma and with the 2018 Atlantic Hurricane Season on our doorstep, many states would still like answers from FEMA’s National Flood Insurance Program (NFIP) on how it does what it does, including the steps many hope it’s taking to at least get out …

Florida Suing Drug Companies Over Opioids

New state law restricting prescriptions takes effect July 1

Florida Attorney General Pam Bondi is moving ahead with plans to sue drug companies over a statewide opioid crisis that has resulted in the deaths of thousands of Floridians.  While she has been conducting a multistate investigation for months into potentially unlawful practices by drug companies …

Of State Constitutional Matters

In the next edition, we will print a snapshot of what Florida is considering when it comes to changing its state Constitution. For those of you who love to follow history and civics, you will want to read where things stand when we release the latest, but briefly, Florida must formally review its Constitution every …