As Hurricane Debby churns through the Gulf of Mexico, its strength and trajectory have become the focus of intense scrutiny among insurance professionals. Our first Florida hurricane of the season gained strength and momentum throughout the weekend with the warm Gulf waters providing ample energy, fueling Debby’s rapid intensification. As of 11pm last night (August …
Florida’s Hurricane Catastrophe Fund is poised to borrow lots more money when the next big storm hits, Citizens Property Insurance is moving closer to non-competitiveness with the private market and actuarial soundness, and the worst underwriting loss in 100 years for the homeowners insurance industry. It’s all in this …
High-risk flood zones are expanding this year along significant stretches of Florida’s coastline. In Broward County, nearly 90,000 properties have been moved into a FEMA flood zone. But 80,000 of them were in such a zone prior to ten years ago, when FEMA moved them out – only to add …
About a half dozen Florida-based insurance companies and dozens of insurance agencies call the Tampa Bay Area home. That’s why we were intrigued to learn that St Petersburg wants to spend over $1 billion in floodwater management projects and improvements by the year 2050. Its …
As we covered in a recent newsletter, Florida’s condominium market is scrambling to keep up with the demands of Senate Bill 4-D, which mandates structural integrity inspections for all condominium buildings by year’s end in response to the tragic collapse of the Surfside …
This past March, we covered Florida legislation surrounding leaf blower bans – measures that would strip cities and counties across the state of their ability to ban gas-powered lawn equipment. In June, Governor DeSantis blocked funding for a $100,000 survey that examined the lifespan differences between electric and gas equipment, thereby nullifying the measures …
