With the official start of hurricane season less than two weeks away, we have news this edition on an alarming trend in the condominium association community, how insurance regulators and carriers are preparing for the season, FEMA’s shift in emphasis …
Plus, new rules on pet insurance; Georgia tort reform
A new survey shows Floridians are “connecting the dots” between damaging hurricanes and insurance premiums, the costs of catastrophes doubled in the first quarter of 2025 with hurricane season next on …
Improved maps – and accuracy
The National Hurricane Center (NHC) has announced a few new changes to their forecast models for the upcoming 2025 hurricane season that begins June 1. They include a smaller and more accurate “cone of uncertainty,” …
AccuWeather’s hurricane prediction
AccuWeather predicts a “Supercharged September” as we enter the peak of hurricane season, data shows huge increases in extreme hurricane rainfall that could cost hundreds of billions of dollars, the U.S. Census is out with a new …
My Safe Florida Home short on money already
The 2024 hurricane season gets an even stormier forecast, Florida suspends further applications to the My Safe Florida Home program, and the Resilient Florida application portal is open for business. It’s all …
Plus, reinsurance pricing & OIR rule changes
Reinsurance pricing at the June 1 renewals was thankfully flat with some decreases, Southwest Florida communities have resubmitted critical data to FEMA hoping to keep their federal flood insurance discounts, Florida insurance regulators …
How to lower reinsurance costs xx
So what impacts will an above normal Atlantic hurricane season have on Florida’s recovering property insurance market? Will homeowners insurance rates go up? Will reinsurance prices at this week’s June 1 renewal rise? What …
New cone and flood maps ready
The National Oceanic and Atmospheric Administration (NOAA) has released its annual May outlook for the 2024 Atlanta hurricane season and it’s a doozy. NOAA is predicting anywhere from 17-25 named storms, with eight to …
The latest forecasts
Springtime means rising water temperatures in an Atlantic Ocean that is already warmer than usual and with it, a rising hurricane risk to match. Colorado State University (CSU) released its annual hurricane forecast for this upcoming storm …