I hope all of you are home enjoying the time doing something that makes you smile. I haven’t been out of the house in many days. I have C-SPAN on in the background and take call after call with clients, small business owners who are friends and colleagues, and family. As an avid gardener, it’s …
LMA NEWSLETTER April 13, 2020
Coronavirus & the Florida Market
Regulatory reminders, restrictions
The ongoing coronavirus pandemic has prompted additional actions and reactions that affect insurance company operations and their Florida policyholders. Here’s the latest on regulatory and other government actions impacting Florida’s insurance market.
The Florida Office of Insurance Regulation (OIR) has issued two Informational Memoranda. OIR-20-05M says that “First responders, health care workers, …
COVID-19 Broader Market Impacts
A changing face for insurance?
The debate is growing hotter about whether COVID-19 related impacts, such as business slow-downs and closures, are covered under a business’s general liability or business interruption (BI) insurance policy. Businesses and an increasing number of government officials say it should, while insurance companies say it likely isn’t, unless specified in …
What If There Was a Hurricane, too?
Planning underway
Each week since the COVID-19 outbreak, I participate in the Cyber and Infrastructure Security Agency (CISA) call with businesses and interested parties from around the country. CISA is an office within the Department of Homeland Security. With hurricane season starting in 48 days, I asked those presenting on last week’s call if they …
Produce to Prisons
Turning problems into solutions
Our readers have often seen Senator Jeff Brandes’ name in our newsletter, especially when we talk about innovative and creative ideas. Once again Senator Brandes recognized the need to help farmers place their produce in an alternative market since restaurants who wanted fresh vegetables pre-COVID-19 no longer needed these products during …
Florida Insurance Veteran Transitions
Steve Bitar leaving Citizens for Olympus
Steve Bitar, the former Chief of Underwriting and Agency Services for Citizens Property Insurance Corporation is leaving Citizens at the end of this week to become the Chief Executive Officer of Olympus Insurance Company, in Palm Beach Gardens. He played a key role in the redesign of Citizens’ depopulation …
Florida Delivers ROI!
Government efficiency counts
Those of us in business know that it’s not just a matter of throwing money at an operational function or problem, but how that money is spent. While government doesn’t always operate that way, there are exceptions, and one of them is Florida government. A new study shows that Florida ranks third …
The Journey
They say that you can see the true character of a person in times of crisis. Here’s an example of how one company is responding to the pandemic with respect and compassion and how tough times bring out true qualities of leadership. This is a recent email on the eve of a new week from …