LMA NEWSLETTER January 18, 2022

Celebrating the Life of a Great American

On December 23, 2021, Louie L. Wainwright, Sr. passed away at 98 years old.  He was the longest serving Department of Corrections leader in the U.S. and still holds that standing today having served from 1957 to 1986. 

I met him in the mid-80’s in my twenties, when I began my career in the corrections …

Bill Watch

Recap of Week 1 & Preview of Week 2 of Session

The 2022 Florida Legislative session goes into its second week today fortified by a lot of new bills filed just before the deadline that address some needed changes in Florida’s property insurance system.  With the entire 120-member House and 40-member Senate up for election …

Explosive Rate Hikes Continue

Newest filings for up to 111% increases

The New Year is bringing a new round of homeowners insurance rate filings and this week there will be three companies – with proposed rate increases from 26% to 111% – that will go before the actuaries at the Florida Office of Insurance Regulation (OIR) in public rate …

Citizens Roof Inspections Begin

Plus new consumer ads

In an effort to reduce its exposure to potential fraud and litigation abuse, Citizens Property Insurance Corporation this month began its new program to increase the number of home inspections on new and renewal policies.  The state’s taxpayer-backed insurer of last resort is moving forward with expanded inspections to improve underwriting …

Appealing Punitive Damages Made Easier

Plus the two-party AOB check

The Florida Supreme Court issued an opinion earlier this month that some believe will discourage the pursuit and awarding of punitive damages in Florida’s trial courts.  While in South Florida, an appeals court has shown that sometimes it’s easier for vendors to simply have the homeowner endorse the AOB check …

Flood Digest

Flood costs by zip codes; new form

FEMA has released a new Risk Rating 2.0 interactive map, coupled with a zip code lookup that includes data for existing single-family homes and all existing National Flood Insurance Program policies, as it further defends its new pricing structure.  Plus there’s a new Homeowner Flood form that’s part …

Runaway Pensacola Barge Operator Liable

Failed to follow hurricane plan

One of the most startling images from 2020 was the damage created by several runaway barges in Pensacola Bay during the height of Hurricane Sally.  The barges damaged the under construction Pensacola Bay Bridge, along with other coastal infrastructure, creating a months-long traffic detour from the barrier islands.  Now a …

The Great Resignation

The “Great Resignation”, as some in the sphere of economics have dubbed it, refers to the record rates at which employees are quitting their jobs, including here in Florida.  Per the U.S. Bureau of Labor Statistics (BLS), their newly published data on the quantity of individuals who quit their jobs in November 2021 reveal a …