LMA NEWSLETTER March 13, 2023

Transforming Structures Into Affordable Housing

Last week, during the Florida Senate’s very first floor debate of the 2023 legislative session, freshman Senator Alexis Calatayud, an incredible and thoughtful legislator from Miami presented SB 102, called the “Live Local Act.”    Senate President Passidomo handpicked Senator Calatayud to lead the Live Local Act initiative with a press conference before session touting …

Bill Watch

Recap of Week 1 & Preview of Week 2 of Session

Tort reform bills in both chambers of the Florida Legislature are still undergoing negotiation and change in an effort to fix Florida’s “toxic lawsuit environment” by reducing nonessential lawsuits while maintaining civil justice.  The Senate’s bill saw changes made last week in premises liability …

Reinsurance Rates Stuck on High

While Citizens says reform is working

Property reinsurance prices remain high with hurricane season rapidly approaching, Citizens Insurance reports encouraging market reform outcomes, a public adjuster faces a two-year suspension, plus a proposed change to the Emergency Adjuster licensing rule.  It’s all in this week’s Property Insurance News.  

Reinsurance: AM Best reports that property …

House in Homestretch on Hurricane Study

Evacuations, fuel availability discussed

While the Florida Senate has wrapped-up its fact-finding work on potential improvements needed in hurricane preparation, response, and recovery following Hurricanes Ian and Nicole, the Florida House is still working away. The Senate’s proposal is incorporated in Senate Bill 250 (See our Bill Watch this edition). 

Last week, the House Select …

Florida Still Attractive, Despite Growing Home Prices

All ages coming to the Sunshine State

Florida home prices have increased more than 70% over the past five years but it’s still a better deal than other states, Miami and Tampa home prices hit a high in an otherwise cooling market, why New Yorkers continue to flock to Florida, plus the state unemployment rate …