LMA NEWSLETTER
LMA Newsletter May 20, 2019
Reinsurers and Life; How Florida' New AOB Law May be Exploited; Florida to Save $500 Million in Hurricane Michael Cleanup; Michael a Hard Lesson at State Hurricane Conference; Rising Reinsurance Rates; Unemployment Down, Tourism Up; Trip Insurance Perks; Carnegie's Inspiration
LISA'S BLOG
New Miami Zoning Tackles Flooding, While NFIP Rate Plan Challenged
Lots of things are continuing to happen in the world of flood mitigation and insurance. Miami has passed its first law designed to protect against sea level rise, Governor DeSantis this past week selected the state’s first Chief Science Officer …
LMA IN THE NEWS
Two New Developments Hold Promise for Private Flood Insurance Market
(This is an electronic version of an Article published in Risk Management & Insurance Review: © Risk Management and Insurance Review, 2019, Vol. 22, No. 1, 7-13 DOI: 10.1111/rmir.121 17) (March 2019)
“With ever increasing NFIP rates, it’s only …
PRESS RELEASES
Lisa Miller on Hurricane Michael Insurance Claims
TALLAHASSEE — For those writing today on Hurricane Michael, former Florida Deputy Insurance Commissioner Lisa Miller was interviewed this morning by Tom Flanigan on WFSU-FM, National Public Radio for Florida, just hours before Hurricane Michael made landfall on the Florida …
Lisa Miller on Hurricane Michael Insurance Claims
TALLAHASSEE — For those writing today on Hurricane Michael, former Florida Deputy Insurance Commissioner Lisa Miller was interviewed this morning by Tom Flanigan on WFSU-FM, National Public Radio for Florida, just hours before Hurricane Michael made landfall on the Florida …
DRIVER’S LICENSE AND BLOCKCHAIN PLEASE – New Technology Has Applications in Florida Auto Insurance and Fighting Fraud
TALLAHASSEE — The emerging distributed ledger software technology Blockchain, being developed for use in financial transactions, has applications in how we manage insurance information, too. It could one day be used to reduce Florida’s nearly 27% rate of uninsured drivers …
DETERMINING THE RISK OF SCHOOL SHOOTINGS – Florida’s new law may mean more lawsuits
TALLAHASSEE — In the aftermath of the Parkland, Florida school shooting, insurance companies are now turning to new and more sophisticated predictive modeling to try to determine the level of risk involved with major casualty events, occurring more often in …
THE ‘AOB TRAP’ VEXING THE FLORIDA LEGISLATURE ON THE EVE OF ITS 2018 SESSION
TALLAHASSEE — Fort Myers retiree Sandra Carlstrom suffered extensive water damage to her home when Hurricane Irma’s 115 mph winds and flying debris left holes in her roof and outside trim. But a second – and more threatening – …
CAN THE NATIONAL FLOOD INSURANCE PROGRAM BE FIXED TO FLORIDA’S BENEFIT?
TALLAHASSEE — The National Flood Insurance Program (NFIP), set to expire today, has just received a two-week extension. So Congress is pushing into 2018 a decision on how to reform the beleaguered federal program that 1.8 million Floridians depend on …
