LMA NEWSLETTER February 26, 2024

LMA Teaches and Coaches Audiences on Insurance

I enjoy public speaking and have had the opportunity to address several audiences about insurance issues in recent weeks.  Among them, the National Association of Residential Property Managers, FSU classes in the Risk Management and Insurance School, a group of legislative interns, and the incredible insurance agents that are members of the National Association of …

Bill Watch

Recap of Week 7 & Preview of Week 8 of Session

We have just two weeks remaining before the Florida legislative session’s scheduled conclusion on March 8.  The budget negotiations between the two chambers will be in high gear and tomorrow is the 50th day of session which is the last day for regularly scheduled …

Rising Reinsurance a Factor in Rate Hikes

50%+ rate requests considered

Two property insurance companies explain at public hearings the reasons they need 50%-plus rate increases on their Florida policies, reinsurance companies express concern to Florida insurance carriers about potential loss creep from Hurricane Ian, plus a third insurance carrier is about to face regulators over its Florida rates.  It’s all in …

La Niña’s Likely Return this Hurricane Season

Ian housing extended

La Niña arriving during the upcoming hurricane season might mean wilder waters, temporary housing is extended again to hundreds of Hurricane Ian victims, FEMA reports on its response to last year’s storms and efforts to do better, and why this is the second-best time to prepare for hurricane season.  It’s all in …

Improving Our Flood Prevention Infrastructure

Report outlines options

When it comes to mitigating flood risk, the brunt of the construction, management and administration falls to the U.S. Army Corps of Engineers to protect communities from extreme events.  Levees, dams, floodwalls, floodgates and even hurricane barriers all fall under its responsibility.  The U.S. Government Accountability Office (GAO) has just released a …

Healthcare Innovation Nears the Finish Line

Plus, expanding hospital-at-home care

A historic health care package has passed the Florida Legislature and is on its way to the Governor’s desk, a new bill would allow better access to emergency insulin refills, and Senator Marco Rubio files bipartisan legislation to expand hospital-at-home programs.  It’s all in this week’s Healthcare Digest.

Better Healthcare,