LMA NEWSLETTER November 7, 2022

Hurricane Ian Latest

Deaths, damage claims up

The last of the flood waters has finally receded on this 40th day after Hurricane Ian struck Florida.  Far away from Ft. Myers Beach, some Volusia County communities at the headwaters of the St. Johns River still had flooded roads last week, including Stone Island on Lake Monroe north of …

What Can the Legislature Do?

Special session on Ian & the property insurance market

The economic losses continue to mount as well in Southwest Florida, with total hospitality layoffs now topping 1,000 and growing.  Providing more economic relief there is one of the reasons Governor DeSantis called a special session of the legislature for next month.  The other reason is …

Judge Criticizes Bulk Filing of Property Lawsuits

Law firm faces up to $328,000 in sanctions

A federal judge in Louisiana has made clear that he’s caught-on to the questionable practices employed by a plaintiff insurance attorney firm operating there, threatening them with sanctions for filing batches of hundreds of hurricane lawsuits.  US District Court Judge James Cain Jr. ordered McClenny, Moseley and …

AOB Ruling Favors Contractor – For Now

Agent Fraud, statewide policy data revealed

A Florida appeals court has weighed-in on a water damage case concerning an Assignment of Benefits (AOB) claim, a South Florida insurance agent has been arrested for insurance premium fraud, and the Florida Office of Insurance Regulation has resumed reporting statewide policy counts among admitted insurance companies.  It’s all …

Adjusting the Ian Claim

Is it wind, water, or both?

As insurance adjusters continue their near round-the-clock work evaluating Hurricane Ian’s tremendous damage on Florida homes and businesses, it’s even clearer now that most damage is from flooding rather than the wind.  I recently sat down with Tom Diana, attorney and co-founder of the Zinober Diana & Monteverde law …

Maps Misleading Homeowners

More flood insurance required

A new report shows federal flood maps are misleading property owners into believing they don’t need flood insurance, FEMA is making historic levels of funding available for community resilience projects, and NOAA is sharing its latest storm forecasting tools with the insurance and reinsurance industry.  It’s all in this week’s Flood

The Human Detector

Many of you know I have some health issues that I am managing with the grace of the good Lord and so I was particularly intrigued by the recent story about USF Health where they are researching how a patient’s voice and artificial intelligence (AI) technology can detect and help diagnose a disease.  The National …