LMA NEWSLETTER March 29, 2021

Vaccinated!

When Governor DeSantis announced that he was lowering the age for those eligible to receive the COVID-19 vaccine, I was relieved.  I registered at MyVaccine.fl.gov and selected “get in line.”  Within two days of my completing the online questions, I had a call around 7 pm from Tara who wanted to schedule my appointment.  She …

Bill Watch

Recap of Week 4 & Preview of Week 5 of Session

The Florida legislative session is typically 9 weeks of “hurry up and wait” and this year is a lot of waiting.  We are unable to freely go in and out of the Capitol so there is no walking the halls and advocating good public …

Florida’s Property Insurance Dilemma

Two agents share consumers’ experience

I had the pleasure of sitting down last week with two veteran insurance agents on the frontline of Florida’s topsy-turvy property insurance market.  They revealed the hidden consequences that higher insurance premiums are having on their clients – and the impact now on Florida’s real estate market.  We recorded our …

Court Reverses Bad Faith Decision

By Tom Diana, Esq.

Once again, Florida’s 4th District Court of Appeals (“DCA”) has allowed litigants to file bad faith lawsuits after an insurer covers a claim and timely pays the full amount of an appraisal award.  This time, in Zaleski v. State Farm, the Court neutered a 2019 change to Florida’s bad …

Rising Real Estate Market Could Bring Tax Increases

Valuations growing

We’ve been following and sharing news of the big increase in residential real estate sales in many Florida communities over the past year and with it, the overall growth in prices.  As home values grow, so does the amount of property insurance needed to provide proper coverage.  But there’s one other cost that’s …

Super Termites Creating Future Hurricane Damage

Live trees now on the menu

Last week, we reported on a new invasive species of fish in Florida’s waterways.  Now we are sharing about an old threat with a new twist – one that impacts homeowners and insurance interests: the Formosan and Asian subterranean termites.  Dubbed ‘super termites’ by experts, there’s growing evidence that …