We open our newsletter focusing on one charity making a huge difference in disaster relief efforts being led by John Auer and an amazing leader in Jennifer Lockwood, who is no stranger to catastrophes. On September 1, as Hurricane Dorian began its 24-hour nonstop pounding of the Bahamas, they launched a special relief effort through …
LMA NEWSLETTER September 23, 2019
Dorian Leaves Florida with a Bill
Insured losses modest but prep costs mounting
While Hurricane Dorian spared Florida a direct hit, its slow approach and 40-hour long stare-down as it meandered north just 60 miles off the coast cost Florida hundreds of millions of dollars in preparation costs, as well as direct and indirect damages. While more storms line up in …
Hurricane Michael Claims Update
New numbers and answers from regulators
Florida Insurance Commissioner David Altmaier shared some new numbers from Hurricane Michael with returning legislators last week. He addressed lingering questions on the number of closed claims and why the number isn’t higher 11 months after the Cat-5 storm struck the Panhandle.
Commissioner Altmaier told the Senate Banking and …
Podcasts Examine Hurricane Vulnerabilities
Weaknesses noted in building code & mitigation measures
Is Florida’s building code protecting all of us? That’s what we asked in two recent episodes of The Florida Insurance Roundup podcast. “It’s not that we expect to have no damage when we have a Category 5 hurricane, but we would like to not have catastrophic damage. …
Florida’s Small-Town Evacuation Problem
State has the most hard to flee places
As we know, Florida is no stranger to natural disasters. That makes getting people out of harm’s way as quickly as possible critical. A new traffic analytics study shows that the state’s smaller communities overall are critically lacking in effective evacuation routes. In fact, Florida tops the …
Flood Risks Mounting
New FEMA maps released in SW Florida
Hurricane Dorian served as another reminder of the startling number of Americans at risk of flooding but who have no flood insurance. Even worse are the growing numbers shedding coverage. Meanwhile, in Southwest Florida and the Keys, hit hard by 2017’s Hurricane Irma, FEMA is premiering updated flood …
Florida Legislature Returns
First of six committee weeks completed
Last week the Florida Legislature held its first week of committee meetings in preparation for the kick-off of the 2020 legislative session that begins January 14. There were introductory conversations on topics that included school safety, water quality and environment, the Hepatitis A emergency, and Hurricane Michael recovery funding. …
Life is More than a Box of Chocolates
At the beginning of this newsletter, we highlighted a Florida-based relief effort helping the Bahamian people devastated by Hurricane Dorian and its super Category-5 185 mph winds that didn’t subside for nearly 24 hours. As we close, the current death toll across the Bahamas is 52. This number is expected to rise, however, with 1,300 …