LMA NEWSLETTER December 16, 2024

Making Godzilla Out of Milton

After an active 2024 storm season, many Floridians with damage are trying to find their festive spirit even in the chaos of rebuilding.  That’s the case for Jeff and Jennifer Cayer, who usually modestly decorate their Lakeland home each year for the holidays.  The married teachers have lived in their house for more than 30 …

No Further Insurance Reforms Needed for Now

New data on where lawsuits are filed

Florida Insurance Commissioner Michael Yaworsky is asking the state legislature to hold-off on any further property insurance reforms as the head of Citizens Property Insurance warns of an effort to roll-back consumer property insurance reforms in the upcoming 2025 legislative session.

Deputy Insurance Commissioner Virginia Christy told an …

Two Lawmakers Point to Insurance Costs in Condo Crisis

Implications for the next session

One of the issues the Florida Legislature will surely address in its upcoming 2025 session is the ongoing challenge to condominium living.  As we’ve reported, many owners are finding themselves between a rock and a hard place – asked to pay tens of thousands of dollars toward needed repair …

Citizens Shares Positive Claims News

Plus, the latest Florida market numbers

Citizens Property Insurance denies it’s denying a large number of recent hurricane claims, fresh insight and data debunks charges of a Florida insurance industry in a state of collapse, the latest on actual hurricane claims, plus the 2025 forecast for reinsurance.  It’s all in this week’s Property Insurance News

New Idea to Make Elevating Homes Affordable

Unprecedented Florida-FEMA agreement

As Floridians scramble to rebuild after an eventful 2024 hurricane season, they’ll want to start several feet above flood level.  Elevating homes above the base flood elevation – the level of high water in a so-called 1-in-100 year flood – has proven to be one of the most effective ways to …