Michael MolineJanuary 16, 2019
10min325
Regulators also confront problems in the long-term care and flood insurance markets.
Tag: National Flood Insurance ProgramImage via AP.
Michael MolineJanuary 16, 2019
Staff ReportsJuly 31, 2018
3min237
Chief Financial Officer Jimmy Patronis cheered a U.S. Senate vote Tuesday extending the National Flood Insurance Program through Nov. 30, the traditional end date for the hurricane season. “The extension comes while talk continues about reforming the program,” Patronis said in a written statement. “Any discussion must include keeping rates affordable for Floridians. As the largest […]
Staff ReportsJuly 25, 2018
5min242
Insurance industry figures welcomed the news Wednesday that the U.S. House had voted overwhelmingly to temporarily reauthorize the National Flood Insurance Program, just about one week before it was to expire. Nat Wienecke, senior vice president of federal government relations at the Property Casualty Insurers Association of America, issued a public statement. “PCI is pleased […]
Michael MolineFebruary 3, 2017
4min407
A state senator proposing legislation to mitigate flood risk said Friday that lawmakers in Tallahassee don’t fully appreciate the extent of that risk. “I think my colleagues in the Legislature don’t quite understand the gravity of the situation — much like Congress,” said Jeff Brandes, a St. Petersburg Republican. “They do not understand how serious the […]
Staff ReportsDecember 5, 2016
3min652
State Sen. Jeff Brandes says he will file legislation for the 2017 Legislative Session to fund flood mitigation in affected communities. The idea is to lower the cost of flood insurance by decreasing flood severity in areas covered by the National Flood Insurance Program’s (NFIP) Community Rating System. The legislation will create a matching grant program, in […]
Staff ReportsNovember 21, 2016
1min344
A plaintiff’s attorney has launched a petition drive urging the Federal Emergency Management Agency to extend the deadline for homeowners to document proof of loss with the National Flood Insurance Program. Thomas Young, of the Law Office of Thomas Young in Tampa, wants the feds to extend the existing 60-day deadline by another 60 days — […]
Phil AmmannOctober 23, 2016
3min266
When Hurricane Matthew battered the East Coast, it killed dozens and caused catastrophic flooding in Florida and North Carolina, with losses estimated in the billions. This followed Hurricane Hermine, which tore through the Florida Panhandle and caused devastating floods in Louisiana. Meanwhile, West Virginia recently saw flash floods that tragically took 23 lives. These extreme […]
Peter SchorschNovember 2, 2015
4min373
Governor Rick Scott huddled with embattled insurance commissioner Kevin McCarty last Tuesday after a meeting of the Florida Cabinet, however the scheduled meeting did not appear on the governor’s official schedule. The off-the-grid meeting is only serving to fuel speculation that McCarty will soon leave the Office of Insurance Regulation, despite his public statements to the contrary. […]
Janelle Irwin TaylorAugust 14, 20154min178
The Florida Office of Insurance Regulation has responded to State Sen. Jeff Brandes’ request to study the methods used to determine National Flood Insurance Program policy rates. The group agrees that with the limited information available to regulators, the rates may be “unfairly discriminatory.” According to a letter from OIR commissioner Kevin McCarty, his NFIP […]
Janelle Irwin TaylorAugust 12, 20154min199
Florida Senator Jeff Brandes wants FEMA to release data from flood insurance policies under the National Flood Insurance Program to determine whether or not the premiums assessed for policies are excessive or arbitrarily assigned. In a letter to Florida’s Office of Insurance Regulation Commissioner Kevin McCarty Wednesday, Brandes argued there were 100,000 fewer flood insurance […]