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 11, 2023
Here’s some news nuggets from the past few days you might have missed… Lawmakers fly caution flag on state budget State budget leaders in Florida have cautioned that general-revenue surpluses are expected to decline from $7 billion in the 2024-2025 fiscal...
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 6, 2023
As Tropical Storm Lee swirls in the Atlantic, media outlets seem determined to pump it full of as much warm, moist air as possible, inflating the potential for disaster despite predictions showing little chance that the storm will have any impact on U.S. territories,...
by Brian Burgess | Sep 5, 2023
Two new storm systems are developing in the Atlantic, one near the Windward Islands and another near the coast of West Africa, with high chances of becoming hurricanes later this week. Recovery efforts continue in Florida after Hurricane Idalia, with around 39,000...
