Disaster declaration extended
Estimated insured losses from Hurricane Ian rose another $2.5 billion in the first 21 days of December, and losses from Hurricane Nicole another $20 million in the first 10 days of the month as recovery efforts continue. …
Suggestions for insurance, future storm recovery
The Florida Legislature this past week began the first of six staggered weeks of legislative committee meetings leading to the start of the formal regular 60-day session on March 7. It coincided with Governor …
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 …
Who pays?
The big issue we can argue is what we don’t know about Hurricanes Ian and Nicole. How many residents and businesses had flood damage (which is not covered by most homeowners policies) and didn’t have flood insurance? And …
By Dr. David O. Prevatt
As we look at Hurricane Ian’s destruction, including the 140 fatalities and 20,000 homes destroyed, it is important to recall these impacts are not produced by the climate crisis but by normally expected extreme natural …
Cross-state claims jump from Nicole
This past November 30 marked the official end to the Atlantic Hurricane Season, one that saw 14 named storms and due to Hurricanes Ian and Nichole, made 2022 the third-most expensive hurricane season on record. …
Further signs of a deteriorating property insurance market
Although no official proclamation had been issued as of last night, the new Florida Legislature is poised to meet a week from today (December 12) in a week-long special session to address …
Plus Miami-Dade’s flood wall idea
Some Central Florida local governments are reviewing their stormwater infrastructure and practices following Hurricane Ian’s heavy flooding, Miami-Dade County is back to the drawing board on a potential multi-billion dollar federal flood project, and FEMA …
AOBs rising
The Restoration Association of Florida loses the second of its three lawsuits in state court that tried to overturn the legislature’s past insurance consumer protections, one company reports Assignment of Benefits (AOB) lawsuits are up 100%, and veteran …