Plus, readying for hurricane season
State insurance and emergency management officials travel Florida to spread timely tips to residents as we begin a new hurricane season, Commissioner Yaworsky says the condominium insurance market is improving as he releases an updated …
With last week’s special session on congressional redistricting completed, the Florida Legislature is set to re-convene again a week from tomorrow (May 12) to spend a couple of weeks finishing its work crafting a new state budget for the fiscal …
Plus, the latest changes in mitigation discounts
There are new concerns that recent legislation my leave Florida condominium buildings underinsured, more changes are in the works to homeowners insurance mitigation discounts, plus the state catastrophe fund releases new numbers on …
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 …
Relaxed safety standard deadlines meant to ease financial stress
Florida’s condo market has taken a beating since the tragic Surfside building collapse – a development we have covered closely over the last several years. Tougher safety rules, including strict “milestone …
No bailouts as some condo owners hoped
Here at LMA we’ve been closely covering Florida’s ongoing condominium problem and have new developments to report. At issue are state laws passed two years ago that address condo safety by requiring milestone …
Implications for the next session
One of the issues the Florida Legislature will surely address in its upcoming 2025 session is the ongoing challenge to condominium living. As we’ve reported, many owners are finding themselves between a rock and …
Plus, depopulation, condo questions, wildfire dangers
Citizens Property Insurance is trying to find ways to help its policyholders with Hurricane Helene flood claims, nearly 90% of depopulation offers to Citizens this month qualify for removing policies, condo questions and answers, …
New pressure for a special legislative session
This week I’ll be in Miami to address the first joint meeting of Key Biscayne condominium association presidents and property managers. They’re at ground zero for what some describe as a pending collapse …