Improvements noted, but more needed
The Florida Legislature is also continuing its work on disaster recovery efforts from last year’s Hurricanes Ian and Nicole and now the recent Hurricane Idalia from August 30. The House Select Committee on Hurricane Resiliency …
Doing nothing not an option
The Florida Legislature was in Tallahassee over the past two weeks to begin a staggered six-week series of legislative committee meetings in preparation for the start of the 2024 session on January 9. But it …
Recently, I attended an incredible insurance agent roundtable to talk about the market and ideas to make it better. As I stepped outside my hotel to retrieve my car, I struck up a conversation with one of the hotel’s valet …
A year after hurricane Ian’s historic damage across Florida, the nonprofit Rebuilding Together Tampa Bay has unveiled a state-of-the-art hurricane response distribution center, fulfilling its promise to the people of the greater Tampa area. The 5,000-square-foot facility offers many necessities …
Is it enough to save our beaches?
The coastline of Florida is sadly still recovering from the compounding damages of hurricanes Ian and Nicole from last fall. In response, the U.S. Army Corps of Engineers has awarded a $47.6 million …
Balancing long- and short-term costs
The National Institute of Building Sciences (NIBS) and Fannie Mae have developed version 2.0 of their Resilience Incentivization Roadmap – a rigorous study on mitigation investment, and an FAMU-FSU researcher is leading a team to …
Plus RMS hurricane model changes
The state of Florida is creating a new state emergency operations center from the ground up, some insight on Moody’s latest RMS hurricane model and how it will impact insurance ratemaking, plus the federal government …
Plus $multi-million Medicare & auto fraud
Although it can (and does) happen anywhere, there’s a reason that authorities say most insurance fraud occurs in the South Florida counties of Miami-Dade and Broward. In just the past two weeks, three high-profile …
Hope for a lower policy count by year-end
In an effort to improve the health and competitiveness of Florida’s property insurance market, regulators last week approved another transfer of policies from state-backed Citizens Property Insurance Corporation to private market carriers. …
As hurricane claims grow
Homeowners insurance companies continue to adjust their Florida portfolios as Hurricane Ian claims climb another $2 billion in three months, a global reinsurance company says the growing number of coastal residents is driving Florida’s increasingly expensive …