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 …
Lisa’s Blog
The Path to Homeowners Rate Relief Now
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:
- A one-year exemption of the premium tax that insurance companies would issue
Hurricane Prediction Questioned as Season Winds Down
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 Rising as Federal Ebbs
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 …
Hurricane Ian Recovery Update: Damage could top $113 billion
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 …
Florida’s Floody Mess: Who pays?
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 …
FEMA Flood Insurance Rates Show Little or No Increase for Florida Policyholders
April marks the beginning of the National Flood Insurance Program’s (NFIP) new rate change, and as a former deputy insurance commissioner in Florida, it is welcomed news not only for those residing along Florida’s miles and miles of coastline, but …
Risk Rating 2.0 begins
As it has numerous times in recent years, Congress has extended authorization for the National Flood Insurance Program (NFIP) until early December, as part of a continuing resolution to keep the U.S. government operating while budget talks continue. Unaffected is …
Blue-Green Algae Turning Deadly
With the rising summer temperatures come rising blue-green algae levels in some prominent Florida lakes and waterways. There are now reports of people getting sick from the cyanobacteria that can be present in the algae and a dog dying from …
Florida Leads in Avoided Losses in FEMA Building Codes Study
FEMA is out with a report showing the value of mitigation in having – and following – modern building codes. FEMA modeled 18.1 million buildings built in the U.S. since 2000 and found that the nation has benefited to the …