Florida Insurance Commissioner Michael Yaworsky is asking the state legislature to hold-off on any further property insurance reforms as the head of Citizens Property Insurance warns of an effort to roll-back consumer property insurance reforms in the upcoming 2025 legislative …
The issuance of Florida’s Emergency Rule 69BER24-4, in response to hurricanes like Milton, represents a significant shift in regulating public adjusters and their activities. While some plaintiff attorneys and public adjusters initially celebrated the rule as a victory, a …
I was in Miami this week to address the first joint meeting of Key Biscayne condominium association presidents and property managers. They’re at ground zero for what some describe as a pending catastrophe in Florida’s condominium market. At issue is …
Local government officials in Southwest Florida and their nearly 127,000 residents affected are breathing a sigh of relief this morning at the news that FEMA has reversed its decision to eliminate their 25% discount on federal flood insurance policies. FEMA …
FEMA this past Monday (April 8, 2024) issued a 30-day pause on its decision in late March to eliminate the 25% discount on federal flood insurance policies on up to 125,000 property owners in Southwest Florida. FEMA said five governments …
Florida Governor Ron DeSantis, in his recently proposed budget for the 2024/2025 fiscal year, included two of the five steps needed to lower homeowners insurance rates in Florida:
Mexico’s surprisingly devastating Hurricane Otis proves that predicting hurricane intensification can be a tricky business, the three-week countdown begins to the end of the official Atlantic hurricane season that appears to have petered-out, plus the spoils of Hurricane Ian on …
Private flood insurance is growing as federal flood insurance declines and could be the future of flood coverage, a Florida state senator refiles a bill requiring flood zone disclosures for renters, and FEMA announces almost $2 billion in available funding …
Nearly six months after Hurricane Ian made landfall in Florida and $7 billion later in response and recovery spending, clean-up continues with more than 600 families still in hotel rooms.
FEMA reports that $6.97 billion in federal funding has been …
The big issue we can argue is what we don’t know about Hurricanes Ian and Nicole. How many residents and businesses had flood damage (which is not covered by most homeowners policies) and didn’t have flood insurance? And how many …
