Lisa Broadt, lisa.broadt@tcpalm.comPublished 2:42 p.m. ET Aug. 18, 2017 | Updated 9:07 a.m. ET Aug. 19, 2017 Treasure Coast and Space Coast property owners now can find out if their flood insurance premiums are likely to increase next year. Six years after initiating a review, the Federal Emergency Management Agency earlier this summer released draft updated coastal hazard…
Posted by Alex Daugherty on Tuesday, Aug. 29, 2017 at 6:42 PM @alextdaugherty For months, political foes like Marco Rubio and Elizabeth Warren united behind a push to overhaul the nation’s flood insurance program by capping annual premium increases and focusing on preventing damage in future floods. Hurricane Harvey could change all of that. Congress has spent most of 2017…
August 9, 2017 Miami Herald By Jennifer Kay, Associated Press Twenty-five years after Hurricane Andrew struck south of Miami, the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, the Category 5 storm was the most expensive natural disaster in U.S. history, causing more than $26 billion…
NEWS FROM THE OFFICE FOR IMMEDIATE RELEASE July 20, 2017 Contact Information: Amy Bogner/Karen Kees (850) 413-2515 press@floir.com Commissioner Altmaier Welcomes New Chief of Staff to the Office of Insurance Regulation TALLAHASSEE, Fla. – Florida Insurance Commissioner David Altmaier is pleased to announce the appointment of Michael Yaworsky as the new…
By David Shepardson | June 26, 2017 Insurance Journal Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. In a report this week on the May 2016…
June 29, 2017 Insurance Journal Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 report, KPMG said the market would shrink by as much as…
Sunshine State News KEVIN DERBY June 9, 2017 – 10:30am This week, U.S. Rep. Dennis Ross, R-Fla., part of the congressional leadership as senior deputy majority whip, brought back his proposal to amend the federal tax code to create tax-preferred savings accounts to help Americans prepare for natural disasters. Ross first introduced the Disaster Savings…
LARGO, Fla., May 30, 2017 /PRNewswire/ — Allstate Insurance Company today announced a boost to its sales force in Florida to keep pace with growing consumer demand for insurance and financial products and services in the state. “We are seeing increased consumer demand for auto and home insurance as well as financial advice and planning,” says Allstate’s Jim Uschelbec, Regional…
Laura Layden, Naples Daily News May 30, 2017 Although a major hurricane hasn’t unleashed its full fury on Florida in more than a decade, property insurance rates are climbing statewide because of another kind of storm — claims abuse. Insurers continue to face major challenges due to abuse, shrinking their profits and driving up their rates.…
weartv.com by Jackalyn Kovac Wednesday, May 3rd 2017 PENSACOLA, Fla. (WEAR) — Some beach homeowners believe an increase to Federal Emergency Management Agency (FEMA) damage threshold that could mean the end of coastal living for a lot of people in Northwest Florida. The agency wants states to pick up a bigger share of the damage costs…