I have the privilege of serving as a board member of the Corrections Foundation whose mission is to support the programs, personnel, and services of the Department of Corrections (DC) through grants, contributions, and community partnerships in the interest of public safety. Membership is comprised of Department of Corrections’ employees, contractors, retired department employees, and …
Insured losses from Hurricane Michael are growing at a faster rate, with a nearly $200 million increase in the first half of March, double each of the previous 15-day reporting periods since the beginning of the year. While most of the relatively simpler mobile home and dwelling claims have been …
There is increasing concern among insurance analysts that unless Florida reigns-in the Assignment of Benefits (AOB) abuse occurring now statewide in residential properties, the problem could spread to commercial lines. The latest to sound the alarm is the Insurance Information Institute (I.I.I.), which has …
As we begin week four of the session, the good news for the Florida Legislature is that it has an unexpected $201.3 million in extra money to spend in this fiscal year which ends on June 30th – or lawmakers can let it carry over to next year. …
In a highly anticipated announcement, the National Flood Insurance Program (NFIP) has formally launched its Risk Rating 2.0, a modernized way of determining risk and rates. The program is expected to have its biggest impact here in Florida – home to about 35% of the NFIP’s 5,035,000 policies nationwide.
David Maurstad, the …
Long-Term Care (LTC) insurance is another line where premiums don’t reflect the true cost of coverage, but for very different reasons than federal flood insurance. With LTC, the premiums haven’t been able to keep pace with rapidly rising medical costs, coupled with longer life expectancies. Now the National Association of …
Even before we hit older age, we’re facing increasingly expensive prescription drug costs. It’s an issue that Governor DeSantis and the Florida House are taking on this year. Their idea is to import cheaper medications from Canada into Florida, with the goal of saving the state’s Medicaid …
Some of the most memorable lessons in life come from stories – whether these be nursery rhymes or children’s fables read to us by our parents or motivational booklets like “Who Moved My Cheese?” Sometimes it’s the stories we hear from others – or take away from our own daily experiences in this great adventure …
