LMA NEWSLETTER March 17, 2025

Hostile Rhetoric at Insurance Industry Hearing

A rush to judgement?

Many readers said they saw me on television during this past Friday’s (March 14) 8am meeting of the Florida House Insurance and Banking Subcommittee.  I intentionally sat in that chair not to be on camera but to sit next to an old friend from Speaker Daniel Perez’s office. My pal started …

Bill Watch

Recap of Week 2 & Preview of Week 3 of Session

By week’s end, we’ll be a third of the way through the Florida Legislature’s nine-week session.  Given that the pre-session committees heard very few bills, lawmakers are rushing to try to catch-up on lost time.  There are only about 4 weeks left in session …

Renewed Interest in Citizens Tri-County Policies

Plus, a proposed alternative to workers’ comp

Citizens Property Insurance continues its streak of handing-off policies to the private market, regulators reveal changes to Florida’s storm mitigation discount credits, plus an alternative to workers’ compensation insurance may be offered Florida businesses.  It’s all in this week’s Property Insurance News.

Citizens Reaching Equilibrium: Citizens Property …

Changes Coming to Hurricane Forecasts

Improved maps – and accuracy

The National Hurricane Center (NHC) has announced a few new changes to their forecast models for the upcoming 2025 hurricane season that begins June 1.  They include a smaller and more accurate “cone of uncertainty,” greater detail on inland watches and warnings, and initial storm advisories issued sooner – three …

Bad Faith Law Not Retroactive

Plus, another Noland’s Roofing AOB loss

A Florida appeals court reaffirms that the bad-faith litigation reform law cannot be applied retroactively, a Citizens water leak claim provides clarification on constant or repeated seepage rules, plus the Fifth District Court of Appeals upholds that an assignee may not reassign an AOB to sidestep statutes.  It’s all …