LMA NEWSLETTER August 23, 2021

Adversity – How Do We Battle It?

Many of you will call me and open the phone call with “Hi, were you on the phone?”  I just smile and appreciate so much those that recognize our work lives are telephone and Zoom driven!  And most of my calls are with those who are following the challenging property insurance industry, bad weather, or …

Warnings on Deductible Fraud

Market responding with greater rate hikes & Citizens migration

With the tropics heating up as we head into the heart of hurricane season next month, Florida’s Insurance Consumer Advocate has issued a timely reminder to consumers and the industry about contractor fraud.  It came out in the same week as another insurance company appeared at …

DFS Asked About Public Adjusters

Are PAs too cozy with vendors?

One insurance company is fighting back against questionable vendor practices by asking regulators to weigh-in on whether a Florida law prohibiting public adjusters from conflicts of interest with contractors applies to the company’s current claim activity.  The case may involve hundreds if not thousands of Florida homeowners. 

In his …

Flood Control to the Rescue

FEMA’s new investment

A first of its kind flood prevention system in South Florida has been implemented in an area that has been ground zero in the last few years for some of the worst flooding in the state.  Meanwhile, FEMA has announced it is pumping more money into hazard mitigation, as a new UN …

COVID & Hurricanes: Imperfect Together

Workers’ Comp to feel the risk, too

It may come as no surprise that states with the highest hurricane risk and that are suffering the highest number of COVID-19 cases might have an especially big problem if the two catastrophes come together at the same time.  That’s the conclusion of a new report by Property …

Florida’s Recovery Remains Strong

New records being set

Despite the coronavirus pandemic and other ongoing challenges, Florida’s economy continues to chug along strongly, with good numbers being posted in employment, revenue collection, and a stellar rebound in tourism – the state’s number one industry.

First-time jobless claims in the week ending August 7 numbered 4,381, the lowest level since …

Legislature Prepares for Redistricting

Florida picks up a seat in Congress

The new revenue estimates will be used to guide the Florida Legislature in its budget decisions beginning with a series of six pre-session legislative committee meetings that begin next month, leading into the January session.  The Legislative is also preparing for the 2022 redistricting process, where it will …

So That It Never Happens Again

The entire world watched the June 24 Champlain Towers South condominium collapse …and we all said either in a group or silently in prayer that this should never happen again.  The Building Officials Association of Florida (BOAF) feels the same way and held a summit last week with building code and structural safety professionals to …