Statement of Strength

One of our industry leaders shares a daily message with his team.  This past week, here’s what he wrote… a powerful way to start your week!

Hello Team and here’s to a Fabulous Friday.  Wow!  John chose one of my all-time favorite quotes from one of my all-time personal heroes – Winston Churchill.

Today’s Statement

Coronavirus & the Florida Market

Insurance litigation increasing

As a growing number of Florida businesses reopen from the coronavirus shutdown, the number of insurance lawsuits in our federal courts are on the rise.  Members of the Florida Legislature and state officials are working on a bill that would protect businesses from frivolous lawsuits, following similar moves by other states.  There’s …

2020 Hurricane Season Arrives

New approaches required

The coronavirus has added extra challenges for FEMA and Florida’s emergency managers in planning this year’s Atlantic hurricane season, which officially begins next Monday.  How to evacuate and exactly where to shelter while still practicing social distancing are among many questions they’ve had to consider.  FEMA is out with official guidance and …

Florida’s Property Insurance Struggles

Claims costs, rates rising

The past two weeks have not been good for Florida’s homeowners insurance market – with some calling it “the beginning of the meltdown.”  It’s essentially a growing culmination of four factors we’ve outlined in the pages of this newsletter over the past 10 months: claims creep, growing attorney fees, rising reinsurance …

AOB Case Challenge

High hopes by plaintiff’s attorney

Certainly one of the factors in Florida’s rising property insurance rates has been the abusive use of Assignment of Benefits (AOB) contracts.  The Florida Legislature passed reforms in 2019 that have begun to make a difference and current and future data calls over the next 18 months by insurance regulators …

Roofing Solicitation with AOB

Homeowner beware

One of our readers working in the insurance industry shared the following Assignment of Benefits (AOB) story involving a roofing solicitation.  We think it’s an instructive reminder of what’s out there – and why we need to remain vigilant and ask our customers to do likewise.  Here’ the letter:

“Good Afternoon,

I really …

Commercial Real Estate Hit Coming?

Impacts of remote work

The current coronavirus hunker-down-at-home order has challenged the idea that all businesses need traditional office space for all workers.  Necessity being the mother of invention, around half of the total U.S. workforce (up from the normal 5%) have had to work remotely from home during the pandemic.  So will the short-term …

Back to Space

Florida is back in space and better than ever with NASA and a friendly new face: SpaceX.  Tomorrow, SpaceX and NASA are launching the first American astronauts into space from U.S. soil since the Space Shuttle Program ended in 2011. Lift-off is scheduled for 4:33pm ET.  NASA Astronauts Robert Behnken and Douglas Hurley will fly …