The vast majority of 558,299 claims from Hurricane Ian involved residential property, with others for items like auto damage. About 6% of claims remain open.
Florida is taking steps to promote insurance market stability, including passing HB 7073 in March, which reduces property insurance premiums.
The My Safe Florida Home home-hardening grant program will be expanded to include condos. It was a Florida Realtors’ priority for the 2024 legislative session.
Florida, particularly South Florida, is looking at a hot summer, meteorologists said. North Florida will see more rain than average.
Releases from Lake Okeechobee, which typically happen when the lake is high, were paused through late March. The lake is crucial to flood control.
All businesses – big and small – should have a flood plan as part of their financial plan. Preparation is one way to ensure your company will survive.
Forecasters project 23 named storms this year. Sales tax holidays this year – June 1-14 and Aug. 24-Sept. 6 – eliminate taxes on some disaster-preparedness supplies.
