Experts: Florida Insurance Market Solid
The state’s insurers have sufficient reinsurance capital to weather Hurricanes Milton, Helene and Debby and another Milton-sized storm this year
Fort Myers Beach, Lee County will keep FEMA flood insurance discount
Fort Myers Beach Lee County property owners who have flood insurance policies through the National Flood Insurance Program will be able to maintain their 25% discount, FEMA notified the town and county Friday. The City of Cape Coral also received a similar letter.
8 new Property Insurance Companies approved to enter Florida market
In addition to new companies entering the market, OIR approved the acquisition of Florida domestic property and casualty reciprocal insurer, Trusted Resource Underwriters Exchange, to allow the existing company to grow its footprint in the state and expand its underwriting capacity. As a result of OIR’s approval of the acquisition, more than $1.25 billion of capital is being invested into Florida’s property and casualty insurance market
Insurance Reform : Premiums still rising sharply
This article reports the highlights from legislation passed in 2021 and 2022, key aspects of the My Safe Florida Home program, and includes comments from insurance agents on the impact on homeowners’ insurance premiums.
Flood Insurance Changes Coming Oct 1, 2021
Changes are coming to the flood insurance policy sector taking effect October 1st on new policies and April 1, 2022 on any outstanding renewal policies.
New flood maps for Collier County
Collier County homeowners are now required to purchase flood insurance if they fall within newly drawn flood zones.
FEMA just updated its flood zone maps. And, if you are living in Collier County, you may be at risk.
Know your flood hazard
The combination in Collier County of flat terrain, sub-tropical climate, and coastal boundary creates large areas subject to flood risk. The DFIRM shows the areas subject to flooding from coastal surge as well as rainfall
Lee County Flood Zones
Links to find flood zones by address in Lee Clounty
Flood Factor
Past floods, current risks, and future projections based on peer-reviewed research from the world’s leading flood modelers