Palm Beach County Flood zones


Please call  Lee from  USAsurance  & Calle Financial. 954-270-7966, Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to the employer.

Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme of “sham” claims by the law firm, a public adjusting company and restoration company.

Citizens also alleges a “pattern of racketeering activity in violation of [the Racketeer Influenced and Corrupt Organizations Act] RICO.”

The allegations came in a civil complaint filed against Fort Lauderdale-based The Strems Law Firm; attorney Scot Strems; public adjuster Guillermo Saavedra and his public adjusting firm Contender Claims Consultants (CCC) of South Miami; and All Insurance Restoration Services (AIRS) of Miami, its president Cesar I. Guerrero, and its operations manager Derek Parsons.

“This lawsuit is about what we contend are concerted actions by the defendants to abuse the claims process for their own gain, and to the detriment of both Citizens and our policyholders,” Citizens Spokesperson Michael Peltier told Insurance Journal. “These abuses have made it virtually impossible for Citizens to handle claims efficiently and effectively. We believe we had no choice but to file this suit to address the costs of these abuses that are shouldered by all Citizens policyholders through higher premiums.”

Citizens filed the complaint in the Second Judicial Circuit Court for Leon County, Fla., on June 16. The 26-page document details Citizens’ allegations of how Strems, his firm, CCC and AIRS acted individually and in concert to defraud the insurer into paying for “sham first-party property insurance claims.”

Representatives for Strems, CCC and AIRS did not return Insurance Journal’s request for comment on Citizens’ allegations.

Please enjoy the full article below

https://www.insurancejournal.com/news/southeast/2020/06/22/572946.htm

Please call  Lee from  USAsurance  & Calle Financial. 954-270-7966, Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to the employer.

On Wednesday (June 3), the U.S. Senate cleared changes to the Paycheck Protection Program that provides more flexibility to small businesses using the relief loans. The changes to the PPP include extending the eight-week period in which funds must be spent for forgiveness to 24 weeks, as well as extending the repayment period money owned from two years to up to five years.

Please enjoy the full article below;

https://www.propertycasualty360.com/2020/06/05/sp-small-businesses-still-hurting-despite-ppp-414-180242/?ref=insurancedailynews&slreturn=20200509110148#

Please call  Lee from Calles Financial and Chaisteli Insurance  at 954-270-7966, Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to the employer.

34 Florida carriers have 100% or more claims to revenue last year in 2019. Some are as high as 120% of revenue. AOB has caused this problem with no end in sight for rate hikes. Carriers will start to non renew their books of business, older homes, homes with water damage claims. This will hit the housing market & 1st time Homebuyers chances to buy homes will be even more less likely. There was supposed to be a special session about just Insurance in Tallassee in mId March, but now w/ the COVID-19 break out, that session may never happen this year. Everyone needs to understand their Home Insurance policies, coverages or lack their of.

If you want this full e-mail, please contact me at lee.gorodetsky@gmail.com

Here is the beginning of 12 pages of information and charts & graphs,

 

Demotech set to reveal downgrades as
full-year results show Florida pain
Demotech has affirmed the majority of the 46 Florida homeowners specialists it rates with the
remaining carriers awaiting their fate as the agency completes its review of 2019 financials
that reveal widespread operating losses and actions to shore up balance sheets, The Insurer
can Demotech is the only firm that rates most of the Florida specialists and its financial strength
ratings are critical to them because lenders typically require insurance policies bought by
homeowners in the state to be from A rated carriers.
As previously reported, in January this year the ratings agency warned of a potential slew of
downgrades in response to a range of macroeconomic and unique state specific issues faced
by Florida-focused carriers.
And analysis by this publication reveals 36 out of 46 companies we compiled data on from
2019 statutory annual statements fell to an operating loss in 2019. A total of 34 of the carriers
reported combined ratios of over 100, with 14 at over 120 percent.reveal.

 

 

Please call lee from Acentria Insurance at 954-270-7966 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car, Business & Commercial and life, Health and group benefits of all kinds.

I know our agency received about 100 calls in just our Fort Lauderdale location on the Day after Labor day before Irma was coming looking for flood Insurance. The fact is we have waiting periods of 10-30 days so last minute is way to lets for the storm so please be prepared.

Last year’s intense hurricane season has motivated most Florida residents to prepare for hurricanes that could hit the state this year, according to a recent survey by the Property Casualty Insurers Association of America (PCI). The results showed a higher percentage of preparedness among Floridians than other hurricane-prone states, but more than 60 percent still say they have not purchased flood insurance.

Nearly two-thirds (64 percent) of residents in Florida say they have taken precautions in advance of the 2018 hurricane season, according to a new poll conducted online by SurveyMonkey on behalf of PCI. More than half of the 654 Florida respondents of the poll, taken between July 9-23, said last year’s hurricanes prompted them to take precautions. Nearly 38 percent reported that their property suffered damage due to last year’s storms.

Among the other hurricane-prone states surveyed in this poll, including Texas, North Carolina, and Louisiana, Floridians reported being the most prepared. Overall poll results of 1,831 residents across Texas, North Carolina, Louisiana, and Florida found 56 percent have not taken any precautions this year in advance of hurricane season. Only 35 percent said that last year’s storms prompted them to take any precautions this year.

Florida is the most hurricane-prone state in the United States, with 40 percent of all United States hurricanes hitting the state, according to the National Oceanic Atomospheric Administration (NOAA). Since 1851, there have been 118 direct hurricane hits in Florida.

“While we’ve not had much activity this hurricane season in the Atlantic basin, the threat of a storm quickly developing is still a possibility. Historically, August and September are active months for hurricanes and as we saw last year with Hurricane Irma it only takes one storm to cause massive amounts of property damage,” said Logan McFaddin, PCI’s Florida regional manager.

The poll included various categories to gauge hurricane readiness, including:

Flood Insurance

  • 63 percent of Floridians do not have flood insurance despite 71 percent saying it’s necessary to help in recovery efforts following a natural disaster
  • 13 percent of residents do not know if their existing homeowners or renters insurance policy covers flood damage

Emergency Plans

  • 68 percent of Florida residents are familiar with their local municipality, county, or state evacuation plan, with the same percentage saying they have developed an emergency plan and shared it with their household
  • 54 percent in Florida have an emergency bag, which includes necessities such as medication, non-perishable food, and water
  • More than half (51 percent) have not conducted a home inventory in the event that property and/or possessions are destroyed, damaged, or lost in a disaster

Financial Preparations

  • 71 percent of Floridians have readily available cash or savings to meet short term expenses that may arise following a natural disaster
  • 69 percent report that they have stored important financial papers and documents in a safe deposit box or online for easy access

Contractor Fraud & Abuse

PCI said following a severe storm it is common for “crooked” contractors to try and take advantage of consumers needing repairs. In Florida, abuse related to water damage and assignment of benefits claims has been a particular problem and the insurance industry and regulators are working to educate policyholders on this escalating abuse.

  • 80 percent are at least somewhat familiar with the signs of contractor fraud and abuse
  • Yet, 14 percent said they would pay upfront for the rebuilding or repair costs if it meant getting their property fixed more quickly and 18 percent aren’t sure if they would
  • 8 percent of residents said they would accept an unsolicited offer from someone to make repairs to their home

Please call  Lee at 954-351-1960 for free quotes on Home Insurance Car, Flood, Private Flood, Auto, Business & Commercial & Life, Health and group products.

For the first time in over thirty years, Palm Beach County will receive an update to the FEMA flood maps. The maps for the county have not been altered since 1989. This change comes three years after Broward County and eight years after Miami-Dade received updates to their flood maps. The changes to the flood maps will be in effect beginning on October 5th.

These changes can potentially disrupt sale of homes and business within Palm Beach County in areas where flooding is more likely to occur.

The newly released flood maps show an increase of more than 50,000 properties in Palm Beach County will now be considered in or touching flood zones, with most of these changes being in the western and central parts of the county.

According to Doug Wise, County Floodplain Administrator, 50,839 Palm Beach County parcels are moving to higher-risk flood zones and 36,983 are staying in.

A majority of these properties were not developed when the current flood maps were created in 1989 so they did not have any flood-risk classifications and insurance was not required by the property owners.

The change to the flood maps will result in an increase of individuals needing to purchase flood insurance who may have not had to in the past. Homeowners will only be required to buy flood insurance if they are located in what is considered a high risk area. A majority of the newly classified high-risk properties are located in the western part of Palm Beach County, including Royal Palm Beach, Wellington, Greenacres and Westgate.

Please enjoy the full article below;

http://www.palmbeachpost.com/marketing/palm-beach-county-gets-revisions-fema-flood-maps/PY1fUp4nOC8Ij6eWe7IIPM/

Please be sure to call L & S Insurance at -1-888-244-7400 for quotes on Home, Auto, Flood, Private Flood, Business & Commercial & Life & Financial products as well. The new Maps are still Preliminary and could be updated again. The new changes will start in September if all goes as planned  and about 76,000 homes will need to start to have a new Flood Policy where one was not needed before. Most people do not understand the risk of Flood, but ask people in N.J. from Hurricane Sandy and they will tell you otherwise. Please be prepared and check your information now. You can call Lee at L & S at x-209 for a class at your office soon to review the maps with your agents. Private Flood c an help, please ask me about it!!

http://maps.co.palm-beach.fl.us/gis/floodzones.aspx?

Please be sure to call L & S Insurance at -1-888-244-7400 for quotes on Home, Auto, Flood, Private Flood, Business & Commercial & Life & Financial products as well. The new Maps are still Preliminary and could be updated again. The new changes will start in Mid January and about 76,000 homes will need to start to have a new Flood Policy where one was not needed before. Most people do not understand the risk of Flood, but ask people in N.J. from Hurricane Sandy and they will tell you otherwise. Please be prepared and check your information now. You can call Lee at L & S at x-209 for a class at your office soon to review the maps with your agents.

http://maps.co.palm-beach.fl.us/gis/floodzones.aspx?

Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, & Life & Financial products as well. Please use the link below to look up Palm Beach County Flood Information.

Thank you from Lee the Home Insurance Guru and L & S Insurance.

http://maps.co.palm-beach.fl.us/gis/floodzones.aspx?