LMA NEWSLETTER October 7, 2019

Reading and writing

On a recent trip, I was walking downtown and came to a dead stop when I saw this handwritten note at a coffee cafe.  I felt compelled to walk in and order java so I could get a look around at this wonderful establishment.  To say there was intense brain power at all the tables …

Hurricane Michael Anniversary

At this pace “recovery could take a decade”

Thursday, October 10, marks the one-year anniversary of Hurricane Michael hitting Florida’s Panhandle.  The Category 5 hurricane made landfall in Mexico Beach with 160 mph winds and a 15.5 foot storm surge.  It went on to pummel Panama City, and inland towns such as Blountstown and Marianna.  …

Florida Getting Greater Irma Reimbursements

More money for mitigation & resiliency, too

The Governor asked and the President said yes.  FEMA has announced a federal cost-share increase from 75% to 90% for Hurricane Irma recovery projects funded by its Public Assistance grant program.  This increase amounts to $111.5 million in additional federal funding to help Florida communities recover from the …

A Personal Look at Dorian’s Bahamas Destruction

Damage as far as the eye can see

During two recent trips to the Bahamas, I had the opportunity to see first-hand the damage that Hurricane Dorian inflicted on the islands and talk with surviving residents.  Dorian was a Category 5 storm, with sustained winds of 180 and one of the strongest on record there.  …

Businesses Biggest Worry: Cyber Attacks

Florida’s new cybersecurity task force named

A new survey shows cyber attacks now top the list of concerns among businesses.  Meanwhile, attacks this year on Florida municipalities that have cost insurance companies more than $1 million have prompted the creation of the Florida Cybersecurity Task Force, to be headed by Lt. Governor Jeanette Nuñez.

The …

Florida Consumer Confidence Rebounds

Taxes remain relatively low

After a big dip in August, Florida consumers’ confidence in the economy rebounded in September, showing strong gains in four of the five areas surveyed.  Another report out last week meanwhile shows the Sunshine State ranks 40th in total state and local taxes paid.  While Florida continues to be a …

Other News of Note

Building code, Citizens, and talent!

The issue of whether our state building code and its different wind standards across the state is strong enough to protect all Florida residents has been the subject of our recent newsletter articles and Florida Insurance Roundup podcasts.  Jared Moskowitz, head of the state Division of Emergency Management, recently …

All Hail Wa-Ho

There aren’t many certainties we can count on in life, but there’s almost always one thing, rest assured, that can be relied on and that’s finding an open Waffle House restaurant when you need it most. To that point, the only time you won’t find one open – especially in the southeast U.S. – is …