If this hurricane season, already predicted to be above average, churns out greater than Category 3 storms, there’s a whole lot of roofs that will suffer damage around the Gulf Coast. Property analytics firm Arturo …
Florida’s “Wall of Wind” (WOW) is about to go on steroids! Florida International University’s Extreme Events Institute was just awarded a $12.8 million grant from the National Science Foundation for the design of a full-scale testing facility capable of producing …
Congressional hearings got underway recently on long-term reauthorization of the National Flood Insurance Program (NFIP) and on what, if any, guidance Congress should give to FEMA on the NFIP’s new Risk Rating 2.0 pricing program set …
The National Flood Insurance Program hit another claims payout record in 2020, along with news that Florida had five of the eight counties in the country accounting for half of all payouts. Meanwhile, one of those, Pinellas …
With 95% of Hurricane Michael insurance claims now closed, the state of Florida has opened a fund to help Panhandle residents impacted by the October 2018 Category 5 hurricane repair, rebuild, or replace their …
As we put this edition to bed late Sunday evening, Tropical Storm Isaias is moving up the central east coast of Florida, with its winds of 70 mph well offshore, and not forecast to be a particularly big rain or …
As we reported in last summer’s LMA Newsletter article Pitfalls in Mitigating Hurricane Risk, the Florida Building Code has not been fully effective in protecting homes in the Panhandle clobbered by 2018’s Hurricane Michael, …
Our Florida property insurance market update this week includes new population projections and trends from state-backed Citizens Property Insurance, new guidance from regulators on hurricane preparedness and response, and fresh insights from Guy Carpenter on …
Under the assumption that it cannot control severe weather, nor deny recovery money to communities struck by future catastrophes, the federal government is developing a framework for how best to invest its finite taxpayer …
