LMA NEWSLETTER April 1, 2019

Life’s Milestones

While in the Capitol this week, I was patiently waiting for a legislator to discuss some insurance fraud issues.  During my wait, I chatted with a University of Central Florida legislative intern who will be in Tallahassee for the entire 9 week session to experience government firsthand.

I am so glad I engaged with this …

AOB Lawsuits Continue Meteoric Rise

One-way attorney fees law blamed

The latest figures show the number of Assignment of Benefits (AOB) lawsuits continue to rise in Florida, up 18% in 2018 from the year prior – and up 900% from 2008.  Despite the increase, the troublesome lawsuits remain concentrated within a disproportionately small number of lawyers and firms, utilizing a …

Bill Watch

Week #4 of the Legislative Session

The Florida House of Representative’s bill addressing Assignment of Benefits (AOB) abuse, with tough new language added last week on auto windshield reimbursement, has passed its last committee and is ready for consideration by the full House.

We’re midway through the legislative session and the focus is now on …

Feds Expedite Michael Debris Removal Funding

But no money yet to finish repairing Tyndall AFB

Significant amounts of federal recovery money are finally being awarded to areas of the Florida Panhandle hit hard by last October’s Hurricane Michael.   A new expedited reimbursement program has kicked-in for the state and for local governments who are tapped-out from debris removal costs.  But Congress …

Miami Insurance Agency Owner Busted

Charged with $620,000 in premium theft

A licensed insurance agent and owner of a Doral insurance agency was arrested and charged with stealing more than $620,000 in premiums that he never applied to paying off the insurance policies that he brokered.  Even by Florida standards – ranked first in fraud in the U.S. – this …

Florida Economic News

Consumer confidence highest in a year

Florida’s economy continues to look up this spring with new reports out showing continued housing market recovery from Hurricane Irma, growth in good-paying clean energy jobs, and the best consumer confidence report in more than a year.  And we just landed three of the top ten best places to …

The Calamity State?

Hurricanes, earthquakes, and poison toads, oh my!

Four newsletter editions ago, we reported that earthquakes are as rare in Florida as hurricanes are in California, with only five earthquakes in Florida since 1727.  Well now we’ve had five more just in the past month.  Then a report that poisonous toads have infested a South Florida …

April Fools!

The American custom on the first of April is to plot and execute pranks, jovial and innocuous in nature, on friends and family who seem to have forgotten the coming of April Fools’ Day.  The best of us scheme, and there’s no doubt the jokes seem wittier than the reality would suggest in hindsight. Nevertheless, …