The Week in Review: What You Need to Know

May 12, 2017 | Don Matz

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Tower Hill’s Don Matz recaps a busy week at Tower Hill and in the industry.

Congratulations to BRP Affordable Home Insurance from Miramar Beach, Florida, for winning Tower Hill’s first Spring Madness Tournament! Special recognition also goes to The Villages Insurance for their runner-up finish in a tightly contested final “game.” This year’s tournament was a rousing success, and next year’s tournament will be even better.

This week was “Hurricane Preparedness Week.” Check out this guide from the National Weather Service to learn what you can do to keep yourself, your family, and your property safe in the event of a hurricane.

Finally, the Florida Legislature adjourned their annual session on May 8th. While the possibility of a recall from Governor Rick Scott exists, we have most likely seen the end of any insurance-related legislation for 2017. Unfortunately, the House and Senate were unable to work out their differences between competing Assignment of Benefits (AoB) bills, and neither bill made it into law. As a result, continued homeowners insurance premium increases are forecast for the near future unless there is resolution to this significant cost driver. Stay tuned….