This past weekend I went to a small, locally owned shop that I frequent not too far from my home to grab a coffee. While waiting in line, I struck up a conversation with Kaitlyn, a local accountant at a small manufacturing plant. We both liked the same brew, so that common bond led us …
LMA NEWSLETTER July 8, 2024
Florida Property Insurance Market Recovery Continues
Profits and underwriting making gains
Florida-based property insurance companies as a whole were off to a very profitable start this year, with first quarter 2024 net income rivaling all of 2023’s figures, and net underwriting results now in positive territory, too. That’s the finding of the Florida Office of Insurance Regulation’s (OIR) latest Property Insurance …
Easing Rates a Welcome Explanation
Plus, lightning taking an increasing toll
Providing consumers understandable answers about Florida’s challenging property insurance market, another insurance company seeks a double-digit increase, the growing policy assumption rate by private carriers in Citizens Insurance depopulation, plus an ominous weather distinction for Florida. It’s all in this week’s Property Insurance News.
Educating Consumers: The changing …
Hotter Water for McClenny Mosely
Plus, more contractors acting as unlicensed adjusters
The FBI is after the infamous McClenny Moseley law firm for alleged hurricane litigation fraud, an insurance licensing exam scheme is exposed in Miami, Governor DeSantis suspends a councilwoman indicted for insurance fraud, a Palm Harbor man is charged with negotiating roof damage claims without a license, and …
Proposed Rules to Protect Workers from Heat
Plus, the fight against forced green energy, erosion
The Biden Administration unveils a heat protection plan for workers, a 19-state coalition forms to challenge federal green energy transition mandates, and natural shorelines offer a glimmer of hope in the constant battle against erosion of our coastlines. It’s all in this week’s Environmental and Engineering Digest…
Immortalizing Jimmy Buffett
Governor DeSantis signed bills late last month honoring singer Jimmy Buffet by making Route A1A his memorial highway from the Keys on up to the Georgia Line and offering Margaritaville specialty license plates. Buffett’s passing last year from skin cancer was a shock to Floridians and Americans at large − he was a beacon of …