I attended the Washington, DC National Flood Conference with over 1,000 friends and colleagues. Everyone is talking about flood and warning homeowners that water will rise no matter where you live. At the conference, panelists talked about the fact that so many consumers did not have flood insurance, discovering they needed it after Hurricanes Nicole …
Florida Insurance Commissioner Michael Yaworsky has announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Property and Casualty. Both of these strong women are veterans and real pros. Christy is intimately familiar with …
When LMA asked many of Florida’s stakeholders about this year’s reinsurance purchase for hurricane season, the sentiment was that the negotiations started out rocky and the finish was expensive, with the 2023 reinsurance race having the effect of a most likely 20% increase or more at least for …
The 2022 Florida insurance marketplace reforms are having the desired effect for Citizens Property Insurance, with “significant shifts” reported in litigation. Meanwhile, the state-backed carrier went before regulators at a public hearing last week seeking the maximum rate increases allowed, to take effect November 1. Plus, news of …
Florida homeowners insurance rate hikes are outpacing any in the nation, how actual cash value roof policies could lower premiums, the new insurer accountability act is now law, regulators release the new catastrophe reporting form, plus a claims adjuster is arrested for fraud. It’s all in this week’s …
I was recently contacted by a reporter inquiring about delays in Hurricane Ian claims. The first question I asked was when the public adjuster and/or attorney was hired. Notice I didn’t ask IF a public adjuster or lawyer was hired because when either or both involved, most likely …
Florida and nine other states file suit to stop FEMA’s new flood insurance rates, a new map shows flood claims back to 1980, communities band together for flood resilience funding, a new NOAA model is out this hurricane season, and the new National Hurricane Center Director shares …
In Key Largo, Florida, Dr. Joseph Dituri, a 55 year-old professor at the University of South Florida, has made history by breaking the world record for the longest time spent living in a fixed underwater habitat.
After spending an astounding 100 days submerged 22 feet below the surface at Jules’ Undersea Lodge, Dr. Dituri has …
