LMA NEWSLETTER June 2, 2025

New Pet Protections Now Law

The Florida House and Senate will begin work this week on crafting a new state budget for the next fiscal year that begins on July 1, following a late Friday announcement that the ongoing impasse has ended and broad dollar allocations have been agreed upon. 

Those of you that know me, know how much I …

End of One-Way Attorney Fees Reducing Morgan & Morgan’s Footprint

Triple-I: Link between attorney advertising, rising insurance costs

There’s further – some might say ultimate – proof that the Florida Legislature’s property insurance consumer reforms of 2022-2023 are having their desired effect in reducing costly, often frivolous lawsuits against insurance companies.  The daddy of the “billboard lawyers” as Governor DeSantis calls them, is reducing his …

‘Improved Litigation Climate’ Leads to Relaxed Florida Reinsurance Rates

Plus, FORTIFIED homes show true insurance savings

Florida reinsurance remains at reasonable prices for the second hurricane season in a row, a new study helps prove insurance savings from FORTIFIED-built homes, there’s a new push for federally-backed mortgages to accept actual cash value insurance policies, plus Florida regulators premier a new wind mitigation website and …

Lenders Facing Peril from Weather-Related Foreclosures

Flooding the leading driver

Rapidly climbing U.S. disaster costs tally more than just immediate property damage; they are becoming a huge burden on the mortgage market, leading to an increase in foreclosures.  According to First Street Foundation’s 13th National Risk Assessment and its mortgage default analysis, a lack of affordable and available insurance …

How Much Will Feds Pay for Hurricane Damage this Season?

Changes in preparation

With hurricane season upon us, Florida and other states wait, wondering exactly what FEMA’s new restructuring may mean for future disaster response.  Cuts across the federal agency mean about 2,000 employees have been let go and many costs associated with emergency management are to be shifted to the states in an effort …

The Many Moves to Change FEMA

Plus, the NOAA hurricane forecast and resilient home kudos

A bipartisan effort to speed up FEMA block grants emerges, NOAA releases its 2025 hurricane forecast, removal of NOAAs billion-dollar weather database raises concerns for insurance companies, and a new Florida community is lauded as a model for hurricane-resistant construction.  It’s all in this week’s Disaster