I follow several Florida insurance agents and their dedication to their customers and the overall insurance market. One of these agent leaders is Jake Holehouse whose dad was an icon in the industry. I have known Jake since he was in his teens and he is working hard to raise the awareness of what is …
LMA NEWSLETTER April 24, 2023
Another Billion-Dollar Florida Market Loss
Commissioner Yaworsky acknowledges reinsurance dilemma
Florida’s property insurance market posts another year of $1 billion-plus losses, the insurance commissioner weighs-in on the reinsurance scarcity challenge, while consumers look for ways to reduce coverage and price. It’s all in this week’s Property Insurance News.
Market Losses: S&P Global reports that Florida’s domestic residential property insurance …
Federal Disaster Aid Possible for Broward Flooding
Plus, another condo building evacuation
Florida asks for a federal disaster declaration for the Ft. Lauderdale flooding, another condominium building deemed structurally unsafe is ordered evacuated, and a sneak peek at the forecast for the upcoming Atlantic hurricane season. It’s all in this week’s Disaster Management Digest.
Ft. Lauderdale Flooding: The Governor’s office over …
Bill Watch
Recap of Week 7 & Preview of Week 8 of Session
As we enter the final two weeks of the Florida Legislature’s regular session, all eyes are on the budget. We are still listening to the market, we are still concerned that reinsurance costs are up over 30%, and we are still concerned that the …
Insurance Agent Sentenced to Federal Prison
South Florida homeowners under arrest
A Florida insurance agent is sentenced to 14 years in prison for diverting premiums for his personal use, a Miami homeowner gets caught for allegedly claiming old damage on an insurance claim, and why a $15,000 monthly rental for temporary housing caught the eye of one insurance company’s claims department. …