LMA NEWSLETTER February 18, 2019

Crystal Claims Persuasion

Claims professionals face some of the toughest work in the insurance business.  They have to juggle complex and sometimes conflicting information and apply them to policy provisions.  Their work also involves a lot of negotiation – to either convince or to be convinced that certain provisions and facts should prevail.

In our many miles …

Bill Watch

Legislative committee meetings of Feb. 4-7 & Feb. 11-15

It’s been a busy two weeks of House and Senate Committee meetings.  During a “committee week” the full House and Senate do not meet as a body in their respective chambers (often called “floor session”) but rather individual substantive committees meet to hear proposed legislation as …

A Strong Defense in Property Claims Lawsuits

Lesson from a defense attorney

Whether it’s specifically an Assignment of Benefits (AOB) case or one with excessive litigation, sometimes the old adage “The best offense is a good defense” applies.  Our lesson today comes from a good colleague, Andy Rock of The Rock Law Firm in Maitland.

Andy writes:

“Catastrophe lawsuits may require a …

Legislative Plan for Hurricane Michael Recovery

Insured losses now at $5.6 billion

 

More pieces are starting to emerge toward building a comprehensive plan to address Hurricane Michael recovery, four months after the Category 4 storm struck Florida’s Panhandle.  Besides the 43 lives lost in Florida and rising insurance claims, there’s been tremendous uncertainty and unmet needs in debris cleanup, housing, …

Michael the Costliest 2018 Weather Event

2018 was another bad year overall

While Hurricane Michael is expected to cost around $10 billion in total insured losses when everything is settled, the overall economic impact from the storm is estimated to be $25 billion.  That’s from a new report by the National Oceanic and Atmospheric Administration (NOAA), acknowledging the gap between insured …

Bye-Bye Red Tide

16-months of beach heartache over

Florida’s ongoing calamity from Mother Nature, known as Red Tide, has finally gone away.  The naturally-occurring red algae hung around from the fall 2017 season all the way through 2018 and into last month, before finally abating.  But not before it killed tons of fish, turtles, dolphins, and manatees, creating …

Hurricane-resistant Houseboats

…only in Florida!

You would think that after the past two hurricane seasons in Florida, with Hurricanes Irma and Michael, that the last place you’d want to be, let alone live, would be in the water on a houseboat.  Yet necessity being the mother of invention, with an added dose of luxury, comes the hurricane-resistant …

Remembering a Giant

When Thurgood Marshall was nominated and appointed to the U.S. Supreme Court in 1967, no other lawyer in our history had won more cases before this nation’s highest court. Marshall retained a record of 29 wins to 3 losses by the end of his career with Brown v. Board of Education, the 1954 decision ultimately …