LMA NEWSLETTER April 11, 2022

Miracles – Do you believe?

With my recent health issues, I have had the good fortune to have a pal send me a daily devotional which reminds me how blessed I am.  I read in these daily teachings about grace, hope, facing fears and all those thing we learned growing up.  So when I read the story about the Moberg …

Catastrophes Coming Early

Above average hurricane season predicted

If this month’s weather events in Florida so far are any indication, then we’re in for a tough season of catastrophes here this spring and summer.  A deadly tornado that eventually grew to EF-3 strength (136-165 mph) hit the Florida Panhandle on March 31, killing two people inside a double-wide …

Special Session on Property Insurance?

Senator Brandes & others say “yes”

The Florida Legislature will convene in a special session a week from tomorrow (April 19) to resolve a congressional redistricting map disagreement with the Governor.  It won’t include insurance consumer protections.  Proclaiming “If nobody else is going to step up for my constituents, it’s my responsibility to step up …

If You Can’t Legislate, Regulate!

OIR leadership is hope for consumers

There are generally three ways to create or change public policy: legislate, regulate, or adjudicate.  What Florida lawmakers failed to legislate this past session in property insurance, the Florida Office of Insurance Regulation (OIR) is now accomplishing to some degree by regulation in encouraging ways.  It caps a series …

More Insurance Companies Taking a Hit

Citizens seeks max increase

Another property insurance company is pulling out of Florida while another has its ratings stripped, the big migration of policies to Citizens Property Insurance has it seeking its largest rate hike in recent years, and a third roofer is arrested in an ongoing insurance fraud investigation in Southwest Florida.  It’s all …

Risk Rating 2.0 in Florida

Improving resilience

The National Flood Insurance Program’s (NFIP) Risk Rating 2.0 is now in effect for renewal policies, Tampa Bay business leaders are calling for billions in flood control from sea level rise, another Florida city is well on its way in self-funding its resilience fund, and a new report shows how other communities can …

Turning Algae into Fuel

When we think of pragmatic environmental and sustainability solutions, most of us tend to think of renewable energy like solar, wind, and electric. But what if crude oil could remain among that list?  Last Tuesday in the City of Altamonte Springs, FL, international environmental engineering firm AECOM demonstrated a groundbreaking technology that actually transforms wet …