2022 Special Session on Property Insurance
The Florida Legislature ended its special session on property insurance Wednesday afternoon (May 25, 2022) passing a series of reforms addressing the dire escalating issues in the Florida’s homeowners insurance marketplace. They also included …
End of Special Session on Property Insurance
The Florida Legislature ended its special session on property insurance Wednesday afternoon (May 25, 2022) passing a series of reforms addressing the dire escalating issues in the Florida’s homeowners insurance marketplace. They also …
Special Session on Property Insurance
from the LMA Newsletter of May 23, 2022
The Florida Legislature this morning begins its week-long special session focused entirely on addressing the dire escalating issues in our property insurance market. Initially sparked by laser-focused …
Special Session on Property Insurance
The Florida Legislature this morning begins its week-long special session focused entirely on addressing the dire escalating issues in our property insurance market. Initially sparked by laser-focused Senator Jeff Brandes and formally called by Governor …
A lesson for defense counsel
A South Florida foreclosure lawsuit in federal court serves as a reminder for those of us in the property insurance business of what we’re dealing with in litigation and attorney fees where a fee multiplier …
Second case in a row
Many in Florida’s insurance industry say further consumer reforms wouldn’t be complete without tackling another cost-driver that didn’t make it into SB 76: attorney contingency fee multipliers. Further proof came last week when an appeals …
Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom.
In a letter to …
Recap of committee week 2 & preview of week 3
The Florida legislature is steeped in tradition but this session is a stark departure from tradition thanks to COVID-19. Topics include the resulting $2 billion shortfall in the budget with …
Preparing for committee weeks
As we begin 2021, most of our readers and our eyes will be focused on this year’s Florida Legislature. The first of five weeks of committee weeks begin a week from today, leading to the start …
2021 legislation filed
The first bills of the 2021 Florida legislative session have been filed, as we near the start of committee weeks on January 11 leading to the beginning of session on March 2. They include two insurance bills, …