LMA NEWSLETTER February 1, 2021

Tallahassee – The Ghost Town

There’s an eerie stillness around downtown Tallahassee, Florida’s capital city, compared to past years at this time.  Due to COVID-19 precautions and restrictions on public interaction, we’ve seen what a ghost town it is both inside and outside the Capitol building during these legislative committee weeks.

The Senate isn’t letting anyone into its proceedings at …

Reports Urge Legislative Action

Florida market failure warned

Two new research reports are providing hard data and credible insight into two main drivers of Florida’s rapidly rising property insurance rates: increased litigation and unchecked fraud.  Both reports outline a series of measures that only the Florida legislature can take to address the problems, protect consumers, and according to one …

Bill Watch

Recap of committee week 2 & preview of week 3

The Florida legislature is steeped in tradition but this session is a stark departure from tradition thanks to COVID-19.  Topics include the resulting $2 billion shortfall in the budget with legislators saying “no money,” discussion of riot control based on the national civil unrest, and …

Coronavirus & the Florida Market

BI rulings, life insurance, home sales

Recent federal court rulings in Florida this month continue to favor insurance companies in actions against them for business interruption (BI) insurance claims stemming from the coronavirus pandemic.   Meanwhile, life insurance companies are putting new restrictions on former COVID-19 patients seeking life policies, while Florida’s housing market is making …

Hurricane Risk in 2050

New report looks at possibilities

2020 was a record year of hurricanes, with 12 named Atlantic storms making landfall, resulting in upwards of $65 billion in economic damage.  Now AIR Worldwide is out with a new report modeling what we can expect would happen if increased storm frequency and sea level rise continue in the …

More Insurance Consumers Willing to Share Personal Data

Cybersecurity a growing concern

In the age of weighing personal privacy, especially health information, with getting a better deal, a new survey of insurance consumers show many are willing to spill the beans if it means getting a significant discount – and if their data is kept securely.  The survey also shows that more folks …

In-Between Times

As we prepare for the next few months and the uncertainty of events surrounding them, please think about what I call “celebrating the in-between times.”  Please pay special attention when an “in-between time” happens so we don’t take them for granted.  Our singular focus of attention can turn an in-between time into a celebration by …