Recent Blog Posts
Insurers Pay $4.1M in Claims During Recent Hurricane Michael Claims Villages
Source: Insurance Journal Claims villages hosted by the Florida Department of Financial Services since August 2019 have led to the resolution of $4.1 million in insurance claims for nearly 750 residents impacted by Hurricane Michael, according to a statement from DFS. In total, DFS has has hosted seven Hurricane Michael Insurance Villages since the… Read More »
State expects to dole out all Hurricane Michael Recovery Grants by year’s end
Source: www.floridapolitics.comBy: Staff Reports State emergency management officials expect to dole out the entirety of the $25 million Hurricane Michael Recovery Grant Program by the end of the year, expediting rebuilding efforts in the Panhandle. The program, the first of its kind, was created last Session to advance local governments’ recovery projects. The bill… Read More »
Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims – Insurance Journal
Source: Insurance JournalBy: Amy O’Connor Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation, one of Carter’s top priorities has been to investigate the reason for the open claims from the devastating… Read More »
How to Prepare for Climate Change’s Effect on Your Homeowner’s Insurance
Climate change is real, it’s here, and it may be ready to affect your homeowner’s insurance. Natural disasters have become stronger and more severe in recent years, and this trend is just going to continue- causing for increases in homeowner’s insurance claims. Due to the changes that our planet is facing, it is important… Read More »
Homeowner’s Insurance: What May or May Not Be Covered After a Storm
Wondering about some specifics in regards to homeowner’s insurance and what it covers? It can be a fine line between what is covered and what is not. If trees are ripped out of the ground and other debris is flying around during a storm, there are various factors that affect whether or not insurance… Read More »
Top 10 costliest hurricanes in the U.S.
Source: PropertyCasualty360.com By Danielle Ling The insurance industry is painfully aware of the increased activity and severity of extreme weather events in recent years, including that of Atlantic hurricanes. On the list of the 10 costliest U.S. hurricanes on record, 9 out of the 10 most expensive storms occurred in the last two decades. The Insurance Information Institute (I.I.I.) compiled… Read More »
City of Miami Secures $7.3 Million Reimbursement Check from FEMA for Irma
Source: Miami Beach TimesBy: Mike S. PaytonPhoto credits: NOAA On November 1st, the City of Miami announced it had secured a $7.3 million check from the Federal Emergency Management Agency (FEMA), which reimburses the City for funds that it expended in the aftermath of Hurricane Irma in 2017. In total, the City is seeking… Read More »
Florida doesn’t require home sellers to reveal flooding history
By Alex HarrisSource: Orlando Sentinel / The Miami Herald Heather Gaker found her dream home on North Lake Drive in Boynton Beach in 2015. It had 28 species of palm trees, a mother-in-law suite and — according to what the sellers and the Realtor told her — no history of severe flooding. One summer… Read More »
Hurricane Dorian Insurance Claims Rise in Atlantic Canada
The insurance claims from damages from Hurricane Dorian have officially reached approximately $105 million in Atlantic Canada, and that is not including the damage to government infrastructure. The Insurance Bureau of Canada has recently released this information. Dorian went from being a hurricane to a tropical storm by the time it hit the Maritimes,… Read More »
Residents of Florida city destroyed by hurricane cling to hope of rebuilding
Hurricane Michael demolished 85 percent of the structures in Mexico Beach last October, wiping foundations clean of vacation homes and cinder-block cottages, ripping roofs and exterior walls from businesses and scattering the contents among thousands of tooth-picked long-leaf pines. The city’s operating budget is $3.5 million. It cost $30 million to remove debris from the canals, and… Read More »