LMA NEWSLETTER September 6, 2022

Falling Into Fall

It seems like yesterday that I was reading about 100 degree temperatures in Orlando and Miami (and it reached that as well a few days in Tallahassee).  But thank goodness my favorite season is nearly here and fall is already in the air.  There are many reasons why I love fall as the best season …

Hurricane Season Finally Heating-up

Supply chain delays could slow response

This has certainly been an unusually quiet Atlantic hurricane season so far, with no named storms in August for only the third time since 1950.  We finally had the short-lived Hurricane Danielle in the Northern Atlantic going into this past holiday weekend followed by Tropical Storm Earl, which is …

OIR: Florida Insurance Litigation Declining

But lawsuit notices, AOB’s on the rise

State regulators have approved an extension of a special assessment on Florida property insurance policyholders, while they consider loosening rules on Citizens Insurance coverage.  Meanwhile, the insurance commissioner says litigation against companies is decreasing as Citizens reports their litigation and especially Assignment of Benefits (AOB) lawsuits are rapidly …

Ideas on Reducing Insurance Lawsuits

Legal alternatives, better claim service explored

Another requirement of Florida’s recent consumer insurance reforms is that third party vendors go through alternative dispute resolution, such as appraisal, before filing a lawsuit against an insurance company, if the policy requires it.  I recently sat down with an established restoration contactor and an appraiser to talk about …

Workers’ Comp Rates Heading Lower

COVID has had little impact

Florida’s workers’ compensation insurance rates are heading for a seventh consecutive year of decrease, despite the lingering COVID pandemic.  Meanwhile, insurance companies and hospitals are still in disagreement on the per-diem hospital inpatient reimbursement amount, which could hold up the next edition of some workers’ comp Reimbursement Manuals/Fee Schedules. 

The …

Pollution’s Impact on Red Tide

New neurological concerns, too

Although Florida’s annual red tide outbreaks on the Gulf Coast are a natural phenomenon, scientists say new research definitively shows that man-made pollution can make red tides worse.  Another study suggests that airborne exposure to red tide could have negative neurological effects on people.

A study by the University of Florida …

Peak of the Housing Market?

Not quite yet in Florida

As housing markets across the country are slowing, Florida is still showing price growth, albeit smaller than it has been over the past year, as the housing market appears to be reaching an equilibrium according to experts.  On the rental front, the dramatic increases are likewise cooling, as more apartments …

Keep It Moving Folks!

Summer is almost gone again and with beautiful fall weather on the horizon, the opportunities for getting outdoors and engaging in physical activity abound!  It’s well known that consistent physical exercise can improve general health in people of all ages, as well as inhibit its deterioration, but just how much physical activity is required of …