LMA NEWSLETTER September 19, 2022

Celebration & Reflection

Our son’s 37th birthday was last week and we made a trip to New York City to celebrate.  It was a time for celebration and reflection…celebration with the Yankees win over the Tampa Bay Rays and reflection as we paid our respects by attending the museum dedicated to honor those who perished in 911 tragedy.  …

New Questions on Citizens’ Proper Role

Insurer of last resort or major player?

As the Citizens Property Insurance policy count accelerates at an even greater rate, there’s new skepticism on whether raising its coverage cap is such a good idea.  Meanwhile an upcoming report suggests Citizens could one day provide all wind coverage in Florida.  Plus, video of current door-to-door roofing …

Roofers Pursuing Appeal

Plus, proving misrepresentation

The Restoration Association of Florida is appealing the dismissal of one of its three lawsuits in state court over the Florida Legislature’s 2022 property insurance reform law.  Meanwhile, a Florida appeals court decision raises new questions about how far an insurance company needs to go to show a policyholder intentionally misrepresented a …

Sea Level Rise Will Take Most Property from Floridians

Florida tops in private flood coverage

A new report shows Florida property owners stand to lose the most from projected sea level rise; insured flood losses have doubled in the past decade yet insurance still covers just a fraction of the losses; the last ditch effort to renew the National Flood Insurance Program (NFIP) before …

Florida Getting More Electric Vehicle Stations

As insurance industry considers risks

If you drive an electric vehicle or are maybe thinking of getting one for a loved one in the upcoming holiday season, you’ll soon have more places to charge them along the way.  But as these “EV” vehicles as they’re called grow in popularity, the insurance industry is still figuring …

Florida Tops in Retirement, New Business

Costs rising though

Florida takes the top spot as the best place in the country to retire, has the most new business formations in the country, and now the lowest unemployment rate among the ten largest states.  But rising costs march on, with the state minimum wage increasing another dollar soon and all major electric …

The Ongoing Insurance Industry Worker Shortage

New study provides insights

Those of us in the insurance business (or frankly just about any business these days!) knows how tough it is to attract and retain employees.  A new report shows we’re not alone.  In fact, insurance companies can’t hire fast enough to replace the workers that they are losing in this topsy-turvy …

Sharing, Collaboration & Getting to Yes – With a Supercomputer

While many of our state universities are rivals on the football field, their science students and professors across a vast field of academic disciplines are doing some extraordinary things by practicing the primary lesson we all learned in kindergarten: sharing.  In this case, sharing the 22nd fastest supercomputer in the world.

The supercomputer is …