The Florida Republican Mayors Public Policy Association is endorsing two congressional bills that would provide tax breaks for victims of disasters and those who buy flood insurance.
Tag: flood insurance
Southwest Florida May Keep Flood Insurance Discounts As FEMA Reevaluates
Southwest Florida residents may get to keep their discount flood insurance rates after all, as discussions between local governments and FEMA revealed a series of “miscommunications.”
Neptune Flood Acquires Data Science Firm Charles River Data to Enhance AI-Driven Flood Insurance Solutions
Neptune Flood, the nation’s largest private flood insurance company, today announced its acquisition of Charles River Data, a renowned Boston-based data science consulting group.
FloodFlash Launches New Business Interruption Coverage Ahead of Hurricane Season
Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States.
U.S. SCS Activity in April Could Drive Hundreds of Millions or Higher of Insured Losses: Aon
Flooding and severe convective storm (SCS) activity across the central and southern US between April 6th and 11th caused some notable property damage, with total economic and insured losses potentially in the hundreds of millions of dollars or higher, according to insurance and reinsurance broker Aon.
Explosive Atlantic Hurricane Season Predicted for 2024: AccuWeather
The Atlantic hurricane season officially gets underway on June 1 and runs through the end of November, and AccuWeather’s team of long-range forecasters say now is the time to prepare for a frenzy of tropical systems. There are signs that the first named system could spin up before the season kicks off as the calendar flips to June, a precursor of what’s to come.
In Florida, Skyrocketing Insurance Rates Test Resolve of Homeowners in Risky Areas
In the last seven years Florida has weathered five major hurricanes. Michael, which made landfall in 2018 in the Panhandle, was the first category 5 hurricane to strike the continental United States since Andrew in 1992. Ian, in 2022, was the costliest hurricane in state history and third-costliest on record nationwide, after Katrina in 2005 and Harvey in 2017. Recent major Florida hurricanes also include Irma in 2017, Nicole in 2022 and Idalia in 2023.
Flood Damage Raises Alarms About California’s Next ‘Disaster Insurance Gap’
Homes once prized for hillside views and apartment complexes on low-lying urban streets alike are increasingly under threat from severe flooding, mudslides and heavy winds.
Lacking Flood Insurance Can Lead to Property Risks and Unexpected Costs
Recent U.S. hurricane activity and severe flooding from coast to coast have amplified the cost of being uninsured, and just because it hasn’t previously flooded in an area doesn’t mean that it can’t happen.
New Legal Claims Against San Diego Over January Flooding Seek Class-Action Status
The ramifications of the flooding that drove hundreds of people from their homes and caused millions of dollars in damage last month continue to swamp San Diego City Hall.