Flood insurance claims: What to do (10/21/2016)
FEMA recommends that homeowners with flood insurance and recent storm damage apply for help and “closely monitor the insurance claims process.”
Supreme Court limits benefits when insurers go broke (10/21/2016)
A property-insurer-paid Fla. fund helps owners if their property insurer goes bankrupt, but a payout doesn’t have to be as good as the benefits stated in a now-defunct policy; and the court ruled that a 2011 law can be applied retroactively.
FEMA flood insurance may see climate change revamp (10/19/2016)
Flood maps, by definition, pinpoint the geographic areas most vulnerable to flooding, but FEMA hasn’t considered the potential impact of climate change yet.
Hurricane Matthew: 39,302 Fla. claims so far (10/13/2016)
So far, 76.1 percent of Fla. claims were filed in the five northern coastal counties hit hardest by the storm: Volusia, Duval, Brevard, St. Johns and Flagler.
Matthew insurance claims trickle in (10/11/2016)
It’s not much so far: The Fla. Office of Insurance Regulation reported late Monday that about 4,973 Floridians filed $21 million worth of claims through Sunday.
Managing the post-storm insurance claims process (10/10/2016)
Fla. CFO Jeff Atwater consumer alert: Homeowners shouldn’t undertake post-storm home repairs until they’ve taken a photo of the damage – documentation they may need when submitting a claim to their insurance company.
Hurricane could test Fla.’s new small insurers (10/5/2016)
Can the newer insurers handle post-storm claims processing? Hurricane Matthew could be the first major test of the state’s young insurance companies created after the active 2004-05 hurricane seasons.
Citizens still wants stricter water claims benefits (10/3/2016)
The Fla.-owned insurer says it plans to push the Legislature next year into passing a law that limits water-damage claims and assignment-of-benefits clauses.
Citizens reduces scope of managed repair program (9/28/2016)
Officials are scaling back a proposed managed-care rule. The new version: It would be offered only if Citizens chooses and only for internal plumbing accidents.
FEMA nixes community flood insurance; GAO agrees (8/25/2016)
The government oversight office agreed with a FEMA report that it’s not wise to create community-based flood insurance policies. Under the plan, all residents would have been covered and paid for flood ins. through taxes or utility bills.
What do you do if floodwater rises unexpectedly? (8/17/2016)
The floods in Louisiana came without warning, spurring FEMA to issue homeowner guidelines on steps to take before and after floodwaters enter your home.
National flood insurance program expires in Oct. (7/5/2016)
While it’s unlikely that the national flood insurance program will go away, lawmakers will also consider changes that could again send coverage costs higher. NAR suggested possible solutions before a U.S. Senate committee last week.
Can anything be done about higher insurance costs? (6/16/2016)
Homeowners’ attorneys, water restoration companies, insurance agents and public adjusters met yesterday to discuss the rising cost of Fla. property insurance. Leaders hope the discussion’s reasonable tone leads to some kind of consensus.
State flags assignment of benefits restrictions (6/9/2016)
Fla.-owned Citizens was granted permission to limit Assignment of Benefits policy coverage, and private insurers quickly asked for the same right. But some requested more restrictive changes and the state turned them down.
Florida names new insurance commissioner (5/2/2016)
David Altmaier could significantly impact Fla. homeowners over the next few years as he tries to keep property insurance costs reasonable but insurers solvent.
Flood insurance solution takes big step forward (4/29/2016)
The U.S. House passed a bill that makes it easier for owners to get private flood insurance or return to national coverage without penalty. It now goes to Senate.
Freddie: Climate change a concern for housing (4/28/2016)
Property insurers consider many statistics to calculate rates, and a Freddie Mac suggestion to also include climate change could alter some owners’ coverage.