by Brian Burgess | Sep 12, 2023
Insured losses skyrocket to $156.4 million as claims surge to 17,472 – steadily climbing toward industry estimates in the billions. Unreported until now: 26,000 gallons of wastewater spills and a kerosene leak in St. Petersburg add to Hurricane Idalia’s...
by Brian Burgess | Sep 8, 2023
Hurricane Idalia’s landfall near Keaton Beach is posing significant challenges for Florida’s property insurance industry. Estimated insured losses range between $3 billion and $5 billion for the private sector and a $500 million hit for the National Flood...
by Jim Saunders - News Service of Florida | Sep 7, 2023
Multiple states, including Florida and Louisiana, are opposing the Biden administration’s attempt to dismiss a lawsuit challenging changes to the National Flood Insurance Program. The lawsuit centers on changes known as “Risk Rating 2.0: Equity in...
by Brian Burgess | Sep 3, 2023
What a difference a week makes. Last Sunday, we published an analysis of Florida’s property insurance market and concluded that insurers, elected officials and property owners alike were basically at Mother Nature’s mercy for the remaining months of the...
by Jim Saunders and Mike Exline - News Service of Florida | Aug 29, 2023
Gov. Ron DeSantis warned Floridians to brace for Hurricane Idalia, an unprecedented storm predicted to bring severe wind and storm surge to the Big Bend region. Emergency Management Director Kevin Guthrie emphasized the high risk of historical flooding and urges...
by Brian Burgess | Aug 29, 2023
Hurricane Idalia remains on course for landfall in the Big Bend area, near Steinhatchee, FL Officials warn the track could still shift dramatically and even residents outside the current track should be prepared to evacuate. State officials expect widespread wind...
