LMA NEWSLETTER December 13, 2021

What’s Important

“When I talk to managers I get the feeling that they are important.
When I talk to leaders, I get the feeling that I am important.”

As we emerge from COVID and start our transition to “normal,” I was struck when I read this quote from a pal of mine that sends me daily, …

Citizens: 20% of Presuit Demands Go to Court

But lawsuit volume up 45%

We recently received some insight on how Florida’s newest property insurance consumer protections are working in the marketplace.  Part of the reforms that became law last spring from Senate Bill 76 (SB 76) require insurance companies get a 10-day notification and demand before a lawsuit is filed by first-parties, called …

More Fraud Squads Please

While assessments, reinsurance rise

One of the keys to further reforming Florida’s homeowners property insurance marketplace is tackling the growing fraud by a small but determined number of contractors.  There’s new insight on how further expanding the state’s fraud investigation efforts would help.  Plus, some lessons from Louisiana, post-Hurricane Ida and a warning that reinsurance …

Bill Watch

End of committee weeks

The last of the Florida Legislature’s six committee weeks ended on December 3 with little action on insurance issues, as we now prepare for the regular 60-day session to start January 11.  The big news was Governor DeSantis’ proposed $99.7 billion budget for the next fiscal year that begins July 1.  …

Statewide Flooding Resilience Plan Premiers

Plus the latest on NFIP

The state of Florida is continuing to invest heavily – over $640 million in this fiscal year alone – in ramping up a new effort to help local communities mitigate the effects of sea level rise, storm surge, and inland flooding. This past week the Governor was joined by environmental …

Condo Insurance Questionable Post-Surfside

Meanwhile, condo sales rising

At the Florida Chamber of Commerce annual Insurance Summit earlier this month, a panel discussion on the Champlain Towers South condominium collapse made clear that it’s going to be awhile before we know both the cause of the tragedy and the real impact it may have on Florida’s commercial residential insurance …

Legal Briefs

Attorney fees, appraisals

Florida has improved its reputation for abusive lawsuits, some clarification on attorney fees in settlements and whether appraisals are limited to incomplete repair work, and if you’re a washed-up disbarred trial attorney (or other non-lawyer), you still can’t own a law firm in Florida.  It’s all in this week’s Legal Briefs.


Our FHP Heroes

In October, a heroic Florida State Trooper named Reginald Mathieu saved the life of a 1-year-old baby girl on the side of a bustling I-95 highway just outside of Miami.  

Trooper Mathieu was writing a ticket at a crash site when the little girl’s parents flagged him down.  On the side of the road, the …