COVID-19 Makes Hurricane Preparation More Urgent

2020 has been an undeniably tough year already, and the hurricane season is projected to make it even tougher for communities along America’s eastern coast. Up to six major hurricanes are predicted, rising from an average of three, between the start of June though the end of November. Against the backdrop of an economy in […]

Panama City News Herald: Beware of Hurricane-Related Scams

Unfortunately for homeowners and business owners affected by Hurricane Michael, a new threat may be on the horizon. We should all be aware of assignment of benefits (AOB) schemes perpetrated by unscrupulous home repair companies and their lawyers. Insurers and consumer groups have spent years urging the Florida Legislature to curb AOB abuse. So far, […]

Sun Sentinel: 10 Years Since Hurricane Wilma Hit Florida

In the early hours of October 24, 2005, Category 3 Hurricane Wilma came barreling into Collier County with winds up to 125 miles per hour. Ten years later, it’s important to look back at Wilma as a lesson in physical and financial preparation. Wilma, which caused $17 billion in damage in Florida alone, was the […]

Naples Daily News: A Reminder of Hurricane Wilma

In the early hours of October 24, 2005, Category 3 Hurricane Wilma came barreling into Collier County with winds up to 125 miles per hour. Ten years later, it’s important to look back at Wilma as a lesson in physical and financial preparation. As Wilma formed between Cuba and Mexico and strengthened into a major […]

ACI in Ocala Starbanner: Florida Prep for the Storm

While there is no preventative measure to stop a hurricane from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. In March, Citizens Property Insurance Corp., the […]

ACI in the Gainesville Sun: Better Prep for the Storm

While there is no preventative measure to stop a hurricanes from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. Fortunately, progress is being made, despite some […]

ACI in the Hill’s Congress Blog: Disasters Could Be Less Disastrous

No region of the United States has a monopoly on catastrophes. Our communities are exposed to floods, hurricanes, tornados, earthquakes, droughts and fires. Some of us are more accustomed to seasonal flooding and high winds, and others to drought and fires. We never know precisely when they will arrive, but we know they will surely […]

Reinsurance: Rational Move for Cat Fund and Florida

The Florida Cabinet made the right decision by authorizing the Florida Hurricane Catastrophe Fund (Cat Fund, a government entity) to buy $1 billion of reinsurance as part of its $17 billion in claims-paying resources. The $1 billion of reinsurance was bought at modest cost and it will spread the cost of any calamity beyond Florida’s […]

ACI on Florida’s Insurance Problem

Alan Daley has an op-ed that highlights the urgency for insurance reform in Florida.  The piece is available online in The Tallahassee Democrat.   The Calm before the Financial Storm Florida has a government-run entity called Citizens Property Insurance Corporation that was created to insure consumers and small businesses who cannot find an insurer offering […]