Storm surge, rather than wind caught communities off-guard
An interim report submitted to the Florida Building Commission on May 10 says that Southwest Florida coastal communities impacted by last September’s Hurricane Ian were “ill-prepared” for the storm surge and flooding, …
Cat Fund announces claims capacity
Those property insurance companies that haven’t purchased reinsurance for the upcoming hurricane season have just nine days left in a market that is still described as hard, with some companies struggling to find available, affordable …
Sandra Starnes, the Florida Office of Insurance Regulation’s recently retired Director of Property & Casualty Product Review passed away this weekend. Many of you were aware that about a year and a half ago she shared that she was diagnosed …
Plus, tougher condo loan standards
The latest rankings are in and there’s no surprise that Florida is taking the top spot for retirees to move, while the Sunshine State continues to battle it out with Texas for best business climate, …
FEMA releases data on Risk Rating 2.0
Local officials decide against direct payments to households impacted by the historic April Broward County flooding, the National Flood Insurance Program is again pitching a plan for multi-year reauthorization, and while Congress wants …
Plus, the $2M fine against lawyers
The Florida Legislature failed to provide additional reinsurance help to property insurance companies as private reinsurance firms remain largely standoffish on the Florida market, flood claims are rising from Hurricane Ian, pushback on whether …
Recap of Week 9: End of 2023 Session
The Florida Legislature ended its 2023 session this past Friday morning with the same efficiency and expediency it displayed throughout the 60-day session. It’s the first session in several years to end …
It’s been a tough legislative session. As many of you know, I do my best to educate legislators about why it makes sense to keep the market as a whole in perspective – from policyholders, to reinsurers, to investors, to …
Local officials consider another $5,000 per household
Federal disaster money is on the way to help Broward County’s recent record flooding with a potential local supplement now being discussed as well, new money is released to help stormwater and wastewater …
Plus, the field adjusters’ hubbub
The deluge of lawsuits filed just before the elimination of one-way attorney fees is predicted to be a new threat to Florida’s property insurance market, how to put the field adjusters’ reports controversy into perspective, …