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Facilitative or Dictatorial?

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Regulations by Nick Youngson CC BY-SA 3.0 Alpha Stock Images

For Easter Sunday, we had a house full of legislative folks, regulatory experts and others who were debating all things Florida property insurance. One side of the room (figuratively) said that those who regulate insurance companies should do so with a heavy hand and in essence dictate many of the companies’ practices so that consumers are protected.  The other side of the room said that regulation should be facilitative and that when insurance companies compete without a regulatory heavy hand, consumers win because there will be more options in a facilitative regulator environment. 

The legislature has legislators, as expected, that are on both sides of this debate in the House and Senate and the testimony in legislative committees bears that out.  One of the many reasons we work so hard and produce this newsletter is that we enjoy the feedback you provide about many of the topics we publish.  Not a week goes by without email traffic from stakeholders on both sides of the regulation style topic.  For those who believe in the dictatorial style, it’s downright comical to listen to words like “punish the companies” and “shut them down.”  On the other side, we read where insurance companies have talented professionals who should be left alone and that the market dynamics will help consumers decide who they choose for their coverage. 

I am curious what you think.  Remember, we can’t do what we do unless we hear from you and, most importantly that you keep doing what you do! 

Hundreds of people turned out at the Red Dog-Blue Dog event, March 21, 2023

For those of you who took part in the annual Red Dog-Blue Dog Celebrity Bartender Benefit for our dear furry friends on March 21, we raised $49,705!  Legislators competed in two teams (Red & Blue) for the most tips.  The money went to the Tallahassee Animal Shelter Foundation, Leon County Humane Society, and Last Hope Rescue to support their operations.  As a presenting sponsor, Lisa Miller & Associates is thankful to the many hundreds of people who turned out for this very worthy (and fun!) fundraiser.  So great to see our friends, clients, and colleagues and catch-up!  We hope to see you next year.

Speaking of spirit, here’s a very special Easter bonnet picture that our loyal newsletter reader Gregory Holder in Tampa sent of one of his pooches.  Absolutely precious and we hope all of you had a good holiday weekend.

Have a great week and hope to see you in Tallahassee soon!

LMA Newsletter of 4-10-23

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Tags: Dogs, Florida Legislature 2023, Insurance Regulation, Red Dog-Blue Dog

“I have followed your weekly newsletter and podcasts and now have a full appreciation for what you bring to this industry.  You are an inspiring force, plain and simple.  I wanted you to know that you make a difference.  Thank you for all you do!”

Jeffrey Karam, CPCU
Bradenton, FL

“Lisa Miller is a true champion for the insurance industry, with her regular updates! We appreciate all you do and keeping us up to date on priority issues!”

Gillian Lloyd, Account Executive
Zywave
Milwaukee, WI

“Thank you Lisa for staying on top of, as well as advocating, for Florida residents and legislative reform. Your newsletters are very informative and enjoy reading the points of view.”  

Shawna Miller, Sr. Claims Quality Assurance & Compliance Manager
Florida Peninsula Insurance Company
Jacksonville, FL

“Another great Newsletter on Florida industry this week.  Your service and advocacy in Florida is very important to keeping me updated and apprised of the Florida insurance laws, trends and overall environment.  Something similar is very much needed in Louisiana, too.”

Jennifer Tedesco, Esq., Claims Director
Pharos Claims Services
Orlando, FL

“Just wanted to say that I thoroughly love your newsletter. It’s is always informative and insightful to the ins and outs of our industry.  You are an inspiration and an important asset in the insurance world.  Keep up the great work!” 

Cynthia Scott, President
University Insurance Group
Davie, FL

“Your newsletter is fabulous!  I greatly appreciate the topics you expose, so that insurance professionals like myself can keep up with the latest events that affect the public we serve and ourselves.”

Cynthia Hoehn, Independent Property & Casualty Personal Lines insurance agent
Clermont, FL

“Lisa this is another great newsletter, and we appreciate the time and energy you put into these informative updates – you are on top of these topics!”

Mike Graham, CEO
Smart Vent Products, Floodproofing.com, & Risk Reduction Plus
Juno Beach, FL

“Great article on Risk Rating 2.0!”

Austin Perez, Senior Policy Representative for Federal Housing, Valuation, Insurance and Commercial Issues
National Association of Realtors
Washington, D.C.

“Just a quick note to let you know how much I have appreciated your newsletter over the years and the assistance they offer for those in the field of claims. We depend on the information more than you will ever know!”

Laurie Rasberry, Chief Claims Officer
Acorn Claims
Prosper, Texas

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