We open this newsletter making sure our friends and colleagues in Tropical Storm Barry’s path know we are here for them. Our team reached out to many of our partners in Louisiana and Mississippi as we watched the wall of clouds and heavy rains flash on our TV screen. Streets flooded and rivers swelled, with …
On July 10, 2019, NOAA published an article titled 2018 State of High Tide Flooding and 2019 Outlook. Also on the same day, the National Association of Insurance Commissioners (NAIC) released its 21-page research document that captured what many states are/are not doing in the private flood insurance space …
A new report opens a crystal ball into Florida’s economic future over the next 30 years and it is a rosy picture of continued growth, employment, and development. Florida’s economic output is expected to more than double over the next 30 years, reaching more than $4.6 trillion in goods …
Florida officials are busy this summer studying the ongoing double algae threat to the Sunshine State: the red algae producing “Red Tide” that hit Gulf and Atlantic beaches hard last year, and the blue-green algae that is once again choking inner waterways. The latter has produced algae blooms …
Two Florida cities have been recent victims of cyber attacks that have cost their insurance companies collectively more than $1 million in ransom payments to get the seized data and paralyzed computer systems restored. A third town was also attacked but was able to get its computers operating again with no …
Reinsurance renewals for Florida insurance companies are winding to a close and as predicted, rates went up, sometimes significantly. Blame recent hurricanes Irma and Michael but also rising loss costs from Assignment of Benefits (AOB) abuse and growing litigation in general. Meanwhile, AIR Worldwide has published its open-source database …
It’s the tale of two disappointed rappers and in the middle is an insurance company that wants no part of this mess. In the music industry, arrangements are normally made beforehand when one artist builds upon the work of another. But in this case, it’s like we learned …
It’s not a real superhero, but in this Florida heat it might as well be. A Cooper City, Florida company is making marketing strides with what it calls “The AquaBoy Pro II”. It’s being touted as a revolutionary device that allows for the efficient creation of water right out of thick air. Developed by Atmospheric …
