LMA NEWSLETTER July 30, 2018

No More Sofa Sinking!

Because I live in Tallahassee (some would affectionately call it Hooterville) I do not hear or see many campaign ads compared to the ones aired in Central and South Florida. And for those who know me really well, I don’t see or hear much because I rarely watch TV and when I’m in the car, …

NFIP Reauthorization Still Pending

Flood program losses in Florida from Irma now top $1B

We’re still waiting this Monday morning for the U.S. Senate to take up a measure passed last week by the House of Representatives that would extend the National Flood Insurance Program (NFIP) beyond its scheduled expiration tomorrow at midnight.   Hanging in the balance is the …

Commercial Properties: Mitigate to Reduce Storm Losses

New analysis reveals huge savings

Whenever we get the chance here at LMA, whether it be to legislators, the news media, or policyholders, we’re always preaching the wisdom of investing in mitigation.  It’s especially true for commercial properties.    FM Global, one of the world’s largest commercial and industrial property insurers, reports that for every $1 …

Florida’s Economy Hits the Trillion Dollar Mark

Manufacturing and other private sector job growth credited

This past Friday’s terrific news of national 2nd Quarter economic growth of 4.1% comes after even greater news closer to home: Florida’s economy has hit the $1 trillion mark, making the Sunshine State the world’s 17th largest economy!  That’s bigger than Switzerland, Saudi Arabia, Argentina …

Lack of Skilled Workers Still a Concern Among Florida Businesses

Chamber survey also notes lingering economic uncertainty

With the good news about Florida’s economy comes concern among business owners on one of the key inputs to production: labor.  More specifically, skilled labor.  The latest Florida Chamber of Commerce Small Business Index Survey shows workforce quality and economic uncertainty continue to be the top concerns of …

Florida Is Testing Ground for Driverless Auto Insurance

Pricing to what risk can be found

What do you get when you take a large but self-contained retirement community where most folks prefer not to drive and then add a fleet of autonomous vehicles?  You get the perfect test market for developing driverless car insurance.  And that’s exactly what Canadian insurance company Intact Financial …

Revising Florida’s State Constitution

Amendment 11 cleans up outdated measures and language; other amendments now facing court challenges

(Editor’s note: This is part of an ongoing series on the 13 proposed state constitutional amendments that will appear on this November’s ballot for Florida voters to consider.)

Amendment 11 is actually three proposals in one amendment, but centers around eliminating …

Fearless Pursuits

In closing this edition, I hope you will take to heart that sitting idly by and hoping things will get better – whether in your personal, professional, social or political life – just isn’t an option.  Believe it or not, I follow Jennifer Lee, who we know as the Disney screenwriter. You can read …