This past election day, I had the privilege of addressing the Pensacola Association of Realtors who are gravely concerned about the rising costs of property insurance and even more interested in how to “fix” the problems faced by their real estate buyers and sellers. You can’t purchase a property unless you can find and afford …
LMA NEWSLETTER November 21, 2022
Florida Legislature Returns
Organizational & special sessions ahead
Fresh off the elections, the new Florida Legislature is back at the state Capitol tomorrow for its organizational meeting to swear-in new members and leaders. The one-day session is largely ceremonial. Republicans now have a super-majority in both chambers, with 28 of the 40 Senate seats and 85 of the …
Hurricane Nicole Latest
“Long road to recovery”
Nearly everyone who had a house that didn’t collapse into the ocean or was declared structurally unsafe is back at home following Hurricane Nicole’s landfall November 10 just south of Vero Beach, after an initial landfall in The Bahamas. The sprawling late-season Category 1 storm was only the third hurricane in …
Hurricane Ian Update
New insights on claims
Hurricane Ian, the more expensive of the two Florida hurricanes in terms of both human life and property, continues to grow more so and is now expected to have broader impacts on both the environment and on the surplus lines insurance market – the ultimate market of last resort to Florida’s …
Restoration Association Loses Court Challenge
AOBs rising
The Restoration Association of Florida loses the second of its three lawsuits in state court that tried to overturn the legislature’s past insurance consumer protections, one company reports Assignment of Benefits (AOB) lawsuits are up 100%, and veteran insurance agents share their views on Florida’s challenging property insurance market. It’s all in this …
Evacuated Condo Residents Return
Alarming cracks shored-up
Residents of a 14-story oceanfront condominium building in Miami Beach were allowed to return to their condos last week after a two-week mandatory evacuation prompted by the discovery of substantial damage to beams believed to be supporting the entire building. The 164-unit Port Royale Condominium is just a mile south of the …
Ian Prompting Stormwater Review
Plus Miami-Dade’s flood wall idea
Some Central Florida local governments are reviewing their stormwater infrastructure and practices following Hurricane Ian’s heavy flooding, Miami-Dade County is back to the drawing board on a potential multi-billion dollar federal flood project, and FEMA has released its new Climate Projection Portal. It’s all in this week’s Flood Digest.…
A Thanksgiving Reminder
As we prepare for Thanksgiving this week, I want to share something with you that was shared by Bob Ritchie with his team at American Integrity Insurance Group in Tampa, which follows.
Today’s statement of strength comes from author Melodie Beattie.
“Gratitude unlocks the fullness of life. It turns what we have into enough, and …