LMA NEWSLETTER October 26, 2020

Way to Vote!

With Election Day a week from tomorrow, about one in three registered voters in Florida have already voted.  According to the state Division of Elections, 4.77 million Floridians had voted by this past Friday morning, either by mail or in person at early voting sites that opened last Monday, of the total of 14.4 million …

Upcoming Insurance Reform

Florida Legislature poised to act

In next Tuesday’s election, all 120 seats in the Florida House of Representatives and 20 of the 40 seats in the Florida Senate are up for election.  Two weeks later, the chambers will meet for a ceremonial swearing-in of new members and plot the course for the 2021 legislative session …

Hurricane Data Calls Issued

Regulators seek claims answers

The Florida Office of Insurance Regulation (OIR) last week issued data calls on Hurricanes Sally, Michael, and Irma, providing notice to insurers to file a Catastrophe Reporting Form for these past storms.  OIR is asking for a simplified form for Sally claims and enhanced forms for Michael and Irma claims, which …

King Tide Floods Return

FEMA policies expiring

Heavy rains combined with annual King Tides last weekend to flood some Miami Beach streets along with a few other barrier beach communities northward through Jacksonville.  Also making flood news this week: FEMA Group Flood Policies provided after Hurricane Irma are expiring, a new federal flood insurance bill is introduced in Congress, …

Flexible Insurance Ratings?

One southern state going for it

Mississippi is trying something that Florida wanted to try 15 years ago but didn’t – a flexible rating system for property and casualty insurance companies.  The state’s Department of Insurance says its purpose is “to implement a more efficient, reasonable and competitive property and casualty insurance market and regulatory …

COVID Workers’ Comp Claims Fall

New report suggests mild impacts

After a big spike in July, the number of workers’ compensation indemnity claims filed in Florida related to COVID-19 continues to fall significantly.  September claims numbered 578, down from the 2,469 in August and the all-time high of 7,445 in July, according to the latest report from the state Division …

Property Owners Responsible for Vacation Rental Taxes

Millions of $ at stake

The Florida Supreme Court last week, by declining to hear a case, may have essentially settled several lawsuits that are part of an ongoing two-year battle between some Florida counties and online short-term vacation rental platforms.  The issue: who is responsible for collecting and remitting local sales and bed taxes …

New Face on an Old Idea

The temporary office space sector has been around for decades but is getting new wings under the current coronavirus pandemic.  We’ve been taking a look in our past newsletters at the various ways in which businesses and employees have adapted to the pandemic, mostly through remote work from home.  But sometimes, Zoom meetings just don’t …