LMA NEWSLETTER November 6, 2023

Special Session Begins Today

More hurricane relief, home hardening to be considered

All members of the Florida Legislature are back in town this morning for a special session that begins at 10am.  On the agenda, beyond support for Israel and additional state sanctions against Iran are two issues of interest to our insurance and disaster management readers: additional aid …

Fixing Florida’s Property Insurance Market

Fears of foreclosure, reinsurance costs, lawmaker investors

A dire warning from a South Florida county commissioner on an impending condominium foreclosure crisis due in part to ever-rising insurance costs, how to stop the “rollercoaster ride” of reinsurance pricing, and Citizens Property Insurance has a good September takeout, but is it sustainable?  Plus, questions on whether …

Feds’ Nationwide Property Insurance Data Call Progressing

Capitol Hill joining in

The U.S. Senate’s Budget Committee is joining the Treasury Department’s Federal Insurance Office in demanding climate information from property insurance companies and how those companies use it to determine the cost and availability of coverage.  The Treasury last week took the next step to prepare its proposed data call of companies …

Hurricane Prediction Questioned as Season Winds Down

Plus, hurricane “opportunities”

Mexico’s surprisingly devastating Hurricane Otis proves that predicting hurricane intensification can be a tricky business, the three-week countdown begins to the end of the official Atlantic hurricane season that appears to have petered-out, plus the spoils of Hurricane Ian on Fort Myers Beach.  It’s all in this week’s Disaster Management Digest.…

Cancer Rates Rising in Young Adult Floridians

Plus, Florida’s health plan bargains

Florida cancer rates are rising among people in their 20’s and 30’s, mirroring a growing national trend, and the federal heathcare insurance marketplace opens among news that Florida private plans have among the lowest rates in the nation.  It’s all in this week’s Healthcare Digest.

Young Cancers: The State

Florida Passes on Federal Solar Panel Funding

As fragile corals return to the sea

Florida leadership passes on the Biden Administration’s solar panels for low-income families, FSU researchers look for climate solutions right beneath our feet, and scientists return over 5,000 refugee corals back into the ocean.  All in this week’s Environmental and Engineering Digest.

Solar Panel Shakeup: The Biden Administration announced …

Tampa Electric Craft Take to the Air

Tampa seems to be on the cutting edge of new flight technologies, welcoming the Alia, the US military’s first all-electric airplane this past week.  As the world’s largest institutional producer of greenhouse gases, the US Air Force has confirmed its plan to reduce the carbon footprint of the US military by using electric planes to …