LMA NEWSLETTER March 7, 2022

This past Friday was “National Day of Unplugging!”  I actually went to a Hallmark store to find greeting cards to send to my friends to celebrate but the only ones I could find were online.  How ironic.

I saw an article from a Pittsburgh TV station that defined this special day as one where we …

New assessments on all policyholders

A second Florida property insurance company in a week has admitted it’s insolvent and is now in the process of being taken over by the state, having its assets liquidated, and its policyholders left to find new coverage.  Avatar Property & Casualty Insurance Company of Tampa at last report had …

Recap of Week 8 & Preview of Week 9 of Session

The Florida Legislature is scheduled to end its 60-day session on Friday and while the Senate has passed substantive insurance consumer protections, it’s frankly doubtful that the House will consider them.  That means a further deterioration of the state’s dire property insurance market, with …

Consumer sentiment sliding

In another clear sign of recovery from the economic impacts of the coronavirus pandemic, Florida recently posted its lowest weekly number of unemployment claims in the last 16 years.  The Sunshine State has also grabbed the top spot in number of new business application and landed four cities on the top 15 …