LMA NEWSLETTER October 8, 2018

Think Big, Start Small, Grow Quickly

So many of us are inundated with big bodacious ideas that we want to accomplish – buying a house, getting a new job, painting the house, going on the dream vacation, or maybe planning a new career. How we get these life milestones accomplished is a matter of style.  Last week, we lost a woman …

Just Because They Can

How the Florida Supreme Court is impacting insurance cases

The Florida Supreme Court has been asked to weigh-in on last month’s lower court ruling that an insurance company is within its right to require an Assignment of Benefits (AOB) contract be approved by a mortgage company or anyone else with an insurable interest in a …

Changes to National Flood Program Take Effect

More consumer choice and incentives for a private insurance market

Key changes to the workings of the National Flood Insurance Program (NFIP) that we’ve been sharing over the past few months officially took effect last week.  The Federal Emergency Management Agency, which oversees the NFIP, has changed a range of provisions that impact consumer choice, …

Red Tide Now Impacting Florida’s East Coast

Meanwhile, innovations continue in battle against blue-green algae

The Red Tide inundating Florida’s west coast from Naples north to St. Petersburg is now on Florida’s east coast and prompted the closure of four beaches for one day last week in Miami-Dade County.  Some beaches in Palm Beach County were closed over the previous weekend in …

Florida’s Economy Continues to Grow

Jobs, Wages growing, but rental cost burdens the highest in the U.S.

Despite temporary tourism setbacks created by the red tide and algae blooms, Florida’s economy continues to grow, grow, grow!  Among the expanding businesses is Florida’s largest private company and certainly one of its best known: Publix Super Markets.  I grew up 15 minutes …

Number of Floridians Without Health Insurance Growing

Younger people especially are going without coverage

The number of people with commercial health insurance in Florida continued to decline in 2017, according to the latest annual report from the Florida Health Insurance Advisory Board (FHIAB).  About 96,000 fewer people have health insurance, a 2.5% drop from 2016.  The numbers include those with Affordable Care …

Revising Florida’s State Constitution

Amendment 3 gives voters control whether casino gambling is ever legalized in Florida

(Editor’s note: This is part of an ongoing series on the now 12 proposed state constitutional amendments that will appear on this November’s ballot for Florida voters to consider.)

Amendment 3 is one of only two amendments on next month’s November 6 …

Staying Safe in the Storm

As we put this edition of the newsletter to bed on Sunday evening, Tropical Storm Michael has developed in the lower Gulf of Mexico.  It is expected to grow to hurricane strength and could threaten the northeastern Gulf Coast of Florida by the middle of this week.  Twenty-six counties in Florida’s Panhandle and the Big …