Plus, big wheels & AI-powered emergency alert
Florida legislative leaders approve $850 million to cover expenses for now from the 2024 hurricanes, a new AI system can help us stay alert before and after hurricanes strike, and some enormous all-terrain …
Flooding the leading driver
Rapidly climbing U.S. disaster costs tally more than just immediate property damage; they are becoming a huge burden on the mortgage market, leading to an increase in foreclosures. According to First Street Foundation’s 13th National …
New report offers ideas to expand insurance availability
The Congressional Budget Office (CBO) is out with its latest report, representing Congress’ ongoing effort to examine the property insurance market and determine if it has the juice to provide adequate, available, …
Congress holds hearing in Ft. Myers
A U.S. House of Representatives Oversight subcommittee held a televised field hearing in Fort Myers on August 10 and heard what worked and what could have been done better in the federal response to …
End of Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature ended its special session this afternoon (December 14, 2022) passing a package of reforms addressing the dire escalating issues in our property insurance market and providing economic …
Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature this morning begins its scheduled week-long special session focused on addressing the dire escalating issues in our property insurance market and providing economic relief for Hurricane Ian victims. The …
2018 was another bad year overall
While Hurricane Michael is expected to cost around $10 billion in total insured losses when everything is settled, the overall economic impact from the storm is estimated to be $25 billion. That’s from a …