LMA NEWSLETTER October 6, 2025

Florida’s Insurance Market: Progress and Promise

This week marks the official start of committee meetings as we gear up for the 2026 Legislative Session, which will run from January through March.  For nearly two decades, our firm has been dedicated to advancing sound public policy and promoting strong consumer protections within Florida’s insurance marketplace.  Our mission has always been to help …

Big Appraisal Award Vacated by Federal Court

Hurricane Sally damage not properly appraised

A Florida federal court judge recently vacated a $187 million appraisal award issued to a group of condominium associations in Pensacola for Hurricane Sally damage.  George Keys served as the appraiser for the associations, who own the property known as the Portofino Towers.

Following Hurricane Sally, the associations preliminarily …

The Fight Against Abusive Litigation

Actions and insights

So-called “nuclear verdicts” against corporations, defined as awards exceeding $10 million, are growing bigger and more frequent.  Often, insurance companies have to pick up the cost.  A Marathon Strategies report shows there were 135 nuclear verdicts in 2024 – a 52% increase from 2023.  The sum of the verdicts was $31.3 billion, …

Florida Reinsurance Costs Dropped After Legislative Reforms

Plus, a new study on small hail damage

A new report shows Florida’s insurance consumer and litigation reforms positively affected the price of reinsurance this hurricane season, Citizens Insurance accuses certain plaintiff lawyers of using “misinformation” in their quest to roll-back those legislative reforms, a new study finds smaller hail may be causing bigger damage …

Federal Shutdown Impacting Disaster Relief & Home Sales

A silver lining for Florida

The federal shutdown has sweeping effects on FEMA, the federal flood insurance program lapse is impacting home sales, while Florida’s Congressmen continue the push for long-term reforms to that program with two new bills requiring greater transparency and private market collaboration.  It’s all in this week’s Disaster Management Digest.…

Putting Seaweed to Work

Seaweed gets a bad rap here in the Sunshine State.  With tons and tons washing up on our beautiful beaches each year, most Floridians think of it more like an ocean eyesore than a cash crop.  But researchers at the University of Florida’s Institute of Food and Agricultural Sciences (IFAS), Florida Sea Grant, and the …