LMA NEWSLETTER September 16, 2024

Florida Condo Living Coming at a Higher Price

New pressure for a special legislative session

This week I’ll be in Miami 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 collapse of Florida’s condominium market.  At issue is the December 31 deadline for 30 year-old or …

Lack of Flood Insurance Evident in Low Debby Payouts

More than two-thirds of residential claims not covered

Less than a third of Florida’s Hurricane Debby residential property claims were paid before being closed, as those caught without flood insurance become more evident; a new look at flooding risk across the nation and the growing coverage gap; plus a 30 year-old effort by FEMA to …

National Disaster Insurance?

New report offers ideas to expand insurance availability

The Congressional Budget Office (CBO) is out with its latest report, representing Congress’ ongoing effort to examine the property insurance market and determine if it has the juice to provide adequate, available, and affordable insurance following recent years of increased catastrophic losses.  The report examines recent market …

A New Heads-Up on Inland Flooding

Plus, a pending water shortage, nuclearization

The National Weather Service is experimenting with a flood hazard outlook, Florida is expected to enter a significant water supply shortage by 2025, and new discussions about adding more nuclear power to the Sunshine State’s energy portfolio.  It’s all in this week’s Environmental and Engineering Digest.

Flood Hazard