LMA NEWSLETTER January 27, 2020

Pondering Attorney Fees

The Florida Legislature is in full swing with both House and Senate committees meeting with long and sometimes controversial meetings.  From an insurance industry perspective, all eyes were on Senate Bill 914 in the Senate Banking and Insurance Committee this past Tuesday which passed on a 5 to 3 vote.  This one page bill was …

Bill Watch

Recap of Week 2 & Preview of Week 3 of Session

Tort reform bills are making early progress in the Florida Legislature.  It’s not just attorney contingency fees, but also promising Bad Faith reform, too.  Other insurance-related bills are also progressing, together with other measures, including raising the tobacco age in Florida for all products …

Insurance Digest

Lax mortgage oversight on required flood coverage

Excessive litigation is not just an issue here in Florida and it’s not just with Assignment of Benefits (AOB) contracts, either.  The CEO of Travelers Insurance is the latest to reveal the impact it’s having on national rates.  Plus another warning comes true: too many homeowners who should …

Disaster Management Digest

Flood predictions, Michael housing & counseling

Two new reports outline the increasing potential damage and loss in value to Florida real estate from future flooding events.  Meanwhile, 500 families are still without permanent housing 15 months after Hurricane Michael, and FEMA extends crisis counseling help to Panhandle residents impacted from the Cat-5 storm.  It’s all …

Learning from Dolphins

Dolphins are regarded as one of Earth’s most intelligent animals.  But there’s a dynamic duo housed at the Clearwater Marine Aquarium that are bringing darn close to a human touch in helping children with physical disabilities learn how to persevere, grow, and thrive in the greater animal world that we call life.

Earlier this month, …