02 Feb Workers’ Compensation Rates Decreasing in 2018: When Will Your Premiums Go Down?
Good news for Florida employers! Workers’ compensation insurance premiums are going down in 2018. The Office of Insurance Regulation approved a statewide overall premium decrease of 9.8 percent. This should provide welcome relief, particularly after last year’s 14.5 percent increase. The premium reduction for new and renewal policies...
09 Jan Insurance Premiums — 2018: Following one of the Costliest Catastrophic Years
While it is yet too early to know the ultimate cost to the United States property/casualty insurance sector for 2017’s catastrophic losses, experts are in agreement that the storm, fire and flood events could cost US insurers as much as 100 Billion – making 2017...
17 Nov Have Data Security Breaches Become the New Normal?
Posted at 17:42h
in Cyber Risk
It has gotten to the point where we can barely keep up with all the data security breaches. We are no longer surprised to hear that another data breach exposed the sensitive personal information exposed of thousands (or millions!) of people. What’s worse is that many of...
09 Nov Florida’s Amended Estoppel Certificate Statute: Is Your Condominium Association Compliant?
Posted at 17:47h
in Condominium Governance
The ability to efficiently buy and sell units is the hallmark of a healthy condominium community. The association’s role in this process has long been to issue estoppel certificates to prospective purchasers. However, pursuant to a recent statutory amendment, the manner in which associations are required to...
01 Nov Florida’s Minimum Wage Will Be Going Up In 2018
On January 1, 2018, Florida’s minimum wage will be going up fifteen cents to $8.25 per hour. The minimum wage for tipped employees, which is in addition to tips, is also going up fifteen cents to $5.23 per hour. The Florida Minimum Wage Act, which...
18 Oct Lessons from Hurricane Irma
Hurricane Irma was an unprecedented storm that affected literally everyone in Florida. Most of us were either expecting or experiencing a direct hit. All of us were given at least a glancing blow. Even though the mess remains and recovery efforts are ongoing, it’s not...
04 Oct Are the New White-Collar Overtime Exemption Rules Finally Dead?
Posted at 17:03h
in Commercial Insurance
Can you believe it’s been nearly three and a half years since President Obama first directed the Secretary of Labor to update the white-collar overtime exemption regulations? Since then, employers endured the uncertainty of not knowing if, when or how they would be affected by the...
22 Sep Does Florida’s Hurricane Irma Emergency Order Affect You?
Hurricane Irma was as big as it was powerful. After making landfall in the Florida Keys, Irma continued on a path of destruction across the entire state. Irma left an unprecedented number of Floridians with storm-related residential property damage. This means a lot of you need...
28 Aug Does Florida’s New Website Requirement Apply to Your Condo Association?
Posted at 18:07h
in Condominium Governance
Are you ready for www.InsertYourCondoHere.com? Thanks to a recent statutory amendment, if your condominium association has 150 or more units, you need to start getting ready. By July 1, 2018, condo associations with 150 or more units are required to post digital copies of various documents on...