LMA NEWSLETTER April 3, 2023

Persistence Beats Resistance

Good morning everyone.  Work requires persistence.  My mom said this over and over again.  The dictionary defines persistence as “a first or obstinate continuance in a course of action in spite of difficulty or opposition.”

I cannot think of a more appropriate word to describe the approaches of all of you as we work together …

Bill Watch

Recap of Week 4 & Preview of Week 5 of Session

At this midway point of the Florida legislative session, there was a one-sentence bill released this past Friday by the Senate Banking and Insurance Committee that will have a hearing before that committee at 8:30am this Wednesday (April 5).  The bill, SB 7052, …

Morgan & Morgan Temper Tantrum

No longer playing nice?

After Governor DeSantis a week ago Friday signed tort reform bill HB 837 into law, some in the trial bar went into a bit of a meltdown, threatening to play hardball with the insurance industry, whom they blame for the bill rather than looking at their own. Lawyer-friendly publication Above the …

New Double-Digit Rate Hikes, Emergency Assessment

Florida’s property insurance market remains in the red

The first emergency assessment on Florida’s property insurance policyholders since Hurricane Andrew is on the way, as three more carriers file rate increases of 14%, 45%, 62% and even 103%.  There’s also new data out that shows Florida’s domestic market has a combined negative net income and …

Streamlining Hurricane Claims

New focus & help

Springtime is bringing the return of insurance villages to Southwest Florida together with added help to streamline Hurricane Ian claim payments and a reminder from regulators, Citizens is breaking from tradition to help some hurricane victims, while saying ‘no thank you’ to mid-term condominium building policies business.  It’s all in this …