The U.S. Senate Budget Committee met last week to hold another hearing on how the climate is impacting insurance markets and rates (see our next newsletter story) but it missed the point by its ongoing focus, as we’ve chronicled here, on Florida’s state-backed Citizen Property Insurance Corporation and whether it might one day …
Members of the U.S. Senate Budget Committee last week debated the root cause of the property insurance crisis affecting homeowners nationwide, with a wide range of culprits depending on who you ask. The Democrats were quick to associate the rising premium cost with climate change, whereas Republicans focused more on reckless …
While Florida property insurance rates are trending downward, a few companies are seeking rate increases, especially for those applied in 2023 under the use-and-file rate submission system. One of them, People’s Trust Insurance Company, was the subject of a recent public rate hearing that we found interesting for its …
Reinsurance pricing at the June 1 renewals was thankfully flat with some decreases, Southwest Florida communities have resubmitted critical data to FEMA hoping to keep their federal flood insurance discounts, Florida insurance regulators are pursuing a variety of rule changes as they release a new catastrophe claims reporting …
Florida’s Blue-Green Algae Task Force is questioning its own effectiveness, environmental groups are asking the federal government for stronger water standards in Florida, and community efforts converge to help restore Apalachicola Bay oyster harvests to their former glory. It’s all in this week’s Environmental and Engineering Digest.…
The price tag for Tallahassee’s May twisters stands at $50 million and counting, the state eyes a Central Florida warehouse as the site of an emergency hub for disaster supplies and response, and a homeowners mutiny slows beach nourishment in Pinellas County. It’s all in this week’s Disaster Management …
Tragedy, while devastating, can help us understand shortcomings in our disaster response and adjust accordingly. That’s exactly what happened in the wake of the tragic Surfside Condo Collapse. When the smoke cleared and the rubble settled, 98 people had lost their lives, and Rebecca Fishman Lipsey saw a call to action. Fishman Lipsey is …
