LMA NEWSLETTER March 31, 2025

Bill Watch

Recap of Week 4 & Preview of Week 5 of Session

We’re entering the halfway point of the nine-week Florida legislative session.  Amid competing tax cut proposals and multi-billion-dollar differences between the House and Senate state budget plans, comes some very encouraging news on the storm mitigation front.  The Department of Financial Services announced it’s …

McCarty to Legislature: Don’t Overreact

How past reforms are easing reinsurance burdens

Former Florida Insurance Commissioner Kevin McCarty weighs-in directly on the MGA controversy, what the recent legislative reforms to Florida’s property insurance market have done for needed reinsurance availability, plus a new study shows rising customer dissatisfaction with homeowners insurance claims.  It’s all in this week’s Property Insurance News

FEMA Flood Rebuilding Standard Halted

Faster, less-expensive disaster recovery cited

FEMA’s on-again, off-again tougher flood rebuilding standard for federally funded projects is now halted once again.  Effective March 25, 2025, FEMA stopped implementing floodplain management requirements under the Federal Flood Risk Management Standard Policy 206-24-005 (FFRMS).  The tougher standards were based on both past risk and projected climate change risk …

‘Near Average’ Hurricane Season Predicted

Ft. Myers Beach may regain lost flood discounts

2025’s hurricane outlook appears a little less intense than 2024, Fort Myers Beach may get back in FEMA’s good graces for flood insurance reductions, and Pinellas County gets special ‘Elevate Florida’ workshops to help homeowners weather future storms from higher ground.  It’s all in this week’s Disaster

Oil & Gas Drilling Challenged in Florida

Plus new money for algae blooms

New oil & gas drilling rules for Florida are being considered in the legislature, Governor DeSantis announces $389 million to improve Florida’s water supply and prevent algae blooms, and a government report shows growing saltwater intrusion in South Florida aquifers.  It’s all in this week’s Environmental and Engineering Digest.