LMA NEWSLETTER May 6, 2019

Of Political & Natural Storms

While I was running during the legislative session working on last minute amendments, I was asked by Orlando’s WKMG-TV to share my hurricane preparedness tips to ease the insurance claims process afterward with Emmy award-winning investigative reporter Mike Holfeld.  Mike has long been a champion of helping his viewers be prepared for the storm because …

Bill Watch

Recap of Week 9 & End of Session

We started the 2019 legislation session nine weeks ago believing that this was the year – the year that consumers could finally get off defense and flex their offensive momentum using the power of the legislature.  The legislature responded with new rules to beat back “bad actors” …

Florida Lawmakers Pass Hurricane Michael Relief

Will Congress soon follow, as claims rise?

The Florida Legislature has approved $220 million in targeted Hurricane Michael recovery money to effected Panhandle communities above the $1.64 billion the state is already expected to spend this year.  Meanwhile, there are finally signs of movement in Washington over a now $17 billion disaster relief package for …

Legislature Passes Slate of Other Bills

Some add, many reduce regulation

In addition to the insurance and related bills we’ve been closely following for you in our Bill Watch this legislative session, there are other important bills that impact Florida businesses and residents.  From moving more utilities underground and building more hurricane evacuation routes, to lowering the price of prescription drugs …

Small Business Claims Study

As goes experience, so goes perception

It was Benjamin Franklin who said “it takes many good deeds to build a good reputation and only one bad one to lose it.”  It seems to hold true for the insurance industry in its relationship with policyholders as well.  A new study reveals that more than one-third of …

Florida Consumer Confidence Hits New High

All indications a go for continued optimism

Consumer confidence among Floridians in April reached its highest level in 17 years, mirroring a similar national report.  Floridians are more optimistic about the future, especially their personal financial situation.  Also in the news this week is that Florida has more profitable vacation rental markets than any other …

Operation Rubicon Nets 9 Arrests So Far

South Florida public adjusting ring busted

A year-long joint insurance fraud investigation among state and local authorities resulted in the arrest last week of nine individuals and business owners identified as ring leaders in a South Florida-based public adjusting racket that stole more than $600,000 from insurance companies by filing bogus insurance claims.  The racket …

No Guarantees

There are few American sporting events with the history and popularity of the Kentucky Derby. Its rich traditions surpass the Derby as simply a sporting contest; it has become a celebration of southern culture. Dating back to 1875, the derby was founded by Meriwether Lewis Clark, grandson of William Clark – of the renowned duo …