FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, ...
Content from William Rabb
Florida Cat Fund May Borrow Billions Next Year, Even Without Another Storm
The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean ...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp ...
After Ian Swamped His Office, Florida Insurance Agent Picks Up the Pieces
In the days following Hurricane Ian's U.S. landfalls, John Gardner found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no Internet, but ...
Florida CFO Urges Outright Ban on AOB Agreements
In the wake of Hurricane Ian, Florida's chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press ...
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address Problems
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured ...
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact despite Hurricane Ian's winds, suggesting that updated Florida building ...
Ian Claims in Florida Topping 449,000 So Far, But Many More Expected
The number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more than $4.2 billion, the Florida Office of Insurance Regulation ...
AM Best Says Tower Hill ‘Rearranging the Furniture’; Faces Surplus, Capital Problems
The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower ...