LMA NEWSLETTER April 25, 2022

Scientia!

This weekend I had the pleasure of hosting three young guns at my breakfast table.  These young professionals have a dream…they want to encourage K-12 students to fall in love with Science, Technology, Engineering, Arts and Math (STEAM) in school AND once the students graduate, have them stay in North Florida.

Those that know …

Special Session Coming on Property Insurance

Affordability & availability at issue

We’re still awaiting this morning the exact dates of next month’s announced special session of the Florida Legislature to address Florida’s increasingly dire homeowners insurance market (the rumor is May 23-27).  After weeks of saying he’d leave it up to legislative leaders to call a session, the Governor last Monday …

More Insurance Companies in Trouble

Substantial doubt for future

Yet another property insurance company doing business here in Florida has become insolvent, another has had its ratings downgraded and another will make major changes to steel itself against this uncertain market.  Plus another assessment may be on its way to Florida homeowners while agents are faced with returning unearned commissions.  …

Unlicensed Adjuster Busted

The Strems Law Firm connection

An increase in roof damage claims is one of the major reasons for Florida’s property insurance dilemma.  But too many of those claims are exaggerated or outright fraudulent, where a roofing contractor or public adjuster, often aided by an unscrupulous attorney, will approach a homeowner, do a “free inspection,” and …

Condominium Safety Reforms

Miami-Dade County now leading

The Florida Legislature has been criticized not just for failing to pass additional needed insurance consumer protection reforms in its regular session, but also high-rise building inspection reforms, too.  Several bills were filed last session in the aftermath of the Champlain Towers South condominium collapse in Surfside that killed 98 people …

30,000+ Without Required Federal Flood Insurance

Plus hurricane conference news

There’s some startling statistics out of the recent National Hurricane Conference in Orlando; tens of thousands of homeowners required to have flood insurance don’t; and new enhanced pre-disaster mitigation funding is moving through Congress. Plus, FEMA’s $405M for emergency managers.  It’s all in this week’s Flood Digest.

National Hurricane Conference: With …

Autonomous Surge Mapping Coming to Florida

We are always on the lookout for new and innovative solutions arising in the disaster mitigation arena and last year we wrote about a company called Saildrone, which made history by sending an ocean drone into the eye of a hurricane. Now, these same pioneers are passionately committed to protecting the coastal areas of the …