As Florida recovers from the devastation of hurricanes Helene and Milton, new construction continues in flood-prone areas. Developments like La Linda Estates, built on a barrier island near where Milton made landfall, reflect a concerning trend.
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Montana’s Wildfire Investment Pays Off Amid Rising Insurance Concerns
Montana’s investment in wildfire preparedness and advanced detection technology is reducing fire damage, but rising insurance costs and the need for fire-resistant building policies pose ongoing challenges for homeowners in high-risk areas.
Small Business Disaster Loan Program Halts as Funding Dries Up
In the aftermath of Hurricanes Helene and Milton, the Small Business Administration’s (SBA) disaster loan program has run out of money, leaving thousands of small businesses, homeowners, and renters without crucial financial relief.
Texas Rejects Coastal Insurance Rate Hike
In a significant decision impacting Gulf Coast property owners, Texas’ top insurance official has blocked a proposed 10% rate increase for homeowners and business owners in the region, arguing it would create undue financial hardship.
Five Emerging Risk Themes Insurance Leaders Must Prepare For
During the 2024 American Property Casualty Insurance Association (APCIA) conference, industry leaders identified five key risk themes that insurers must address to remain resilient.
Flood Insurance Renewal Window Extended for Hurricane Helene Victims
he Federal Emergency Management Agency (FEMA) has extended the renewal grace period for National Flood Insurance Program (NFIP) policyholders across seven affected states, offering a crucial window for agents to help customers reinstate their coverage.
Louisiana’s “Holistic” Plan to Address Sky-High Auto Insurance Rates
With Louisiana’s auto insurance rates among the highest in the country, LA Insurance Commissioner Tim Temple is taking a “holistic” approach to tackle this issue, but many obstacles remain.
USG Announces Hire of Mark Heath of Goose Creek, SC
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Mark Heath to their esteemed Brokerage Division as a Broker.
Turvi Launches, Set to Transform Insurtech with Advanced SaaS
A new player has officially entered the insurtech landscape: Turvi, a SaaS technology company backed by industry leader Crawford & Company, has launched with a mission to transform the insurance claims ecosystem.
Insurance Commissioner Predicts ‘Continued Strengthening’ of Florida’s Insurance Market After Hurricane Milton
According to Michael Yaworsky, head of the state’s Office of Insurance Regulation (OIR), Florida’s insurance market is not just surviving but strengthening in the wake of Hurricanes Helene and Milton.