Please call Acentria Insurance at 1-800-609-8129 for free quotes on Home Insurance, Flood, Private Flood, Auto, Business & Commercial & life & Financial products as well.

The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program toward actuarial-based rates, while the other addresses premium credits for mitigation efforts and underwriting of urban properties.

Committee Chairman Rep. Jeb Hensarling (R-Tex.) said the committee will reconvene on June 21 to consider additional bills to reauthorize the NFIP

The NFIP will expire on September 30 of this year unless Congress acts to renew it.

The property/casualty insurance industry still has some qualms about the major bill advanced by the committee because it cuts the reimbursement allowance for private insurance carriers and agents participating in the program.

The major bill p;

assed is the 21st Century Flood Reform Act of 2017 (H.R. 2874), which was introduced by Rep. Sean Duffy (R-Wis.), chairman of the House Financial Services Subcommittee on Housing and Insurance. It passed by a vote of 30-26. It is a broad proposal that incorporates many of the ideas in individual bills. It aims to put the NFIP on stronger financial footing; improve flood mapping, mitigation efforts and claims handling; and encourage greater private insurer participation in the market

Please enjoy the full article below;

http://www.insurancejournal.com/news/national/2017/06/16/454822.htm#

Please call Gateway Insurance at 954-735-5500 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial, & Life & Financial products as well.

Some coastal residents always put off emergency preparations until storm clouds loom on the horizon. The National Hurricane Center is going to try giving those people a deadline this year, issuing experimental advisories showing when tropical-storm force winds may hit particular communities to help them understand when it’s too late to put up storm shutters or evacuate.

The forecasters’ advisories will be fueled by more data than ever, thanks to new weather satellites and an expanded network of underwater gliders.

New Advisory

To help people understand when storm preparations should be completed, the hurricane center will experiment with advisories showing the times when sustained tropical-storm force winds are estimated to hit land. If a tropical disturbance nears shore, forecasters also could post advisories or warnings before it develops into a tropical depression or named storm.

Florida’s emergency management director, Bryan Koon, said the new advisories could help validate evacuation orders for people who complain about “hype” around approaching storms.

“We can say, `Listen, this is when things are going to get bad in your area,”’ Koon said. “We can also use that to say, `A few hours ahead of that, stores are going to close, roads are going to get jam-packed with people, we might have to shut down power substations.”

Storm surge watches and warnings will be issued this year when U.S. coastlines are at risk for life-threatening flooding.

Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2017/06/07/453709.htm

 

Please call us at our new contact phone number 954-735-5500 for free quotes on Home Insurance, Auto, Flood, Private Flood,  Business & Commercial, & life & Financial products as well. My new e-mail is lee.gorodetsky@acentria.com and my new title is the VP of personal lines marketing.

The 2017 hurricane season begins June 1, yet the Atlantic Ocean already has produced Tropical Storm Arlene, which was only the second named storm on record to have formed in April. Citizens urges you to prepare for this year’s hurricane season and provides the following information to assist you and your staff in preparing.

 

14-17 named storms are expected and 7-9 could become hurricanes as well as 3 major Hurricanes. 2-3 could possibly have a US landfall so please be prepared!!

Storm Watch/Warning Issuance Changes
Due to advances in forecasting, beginning in 2017, the National Weather Service (NWS) may issue advisories, watches and warnings for weather disturbances that are not yet a tropical cyclone but pose a threat of bringing tropical storm or hurricane conditions to land areas within 48 hours. Previously, NWS was not permitted to issue watches and/or warnings until after a tropical cyclone officially had formed.

Customer Outreach Citizens has the following brochures for your Citizens policyholders:

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 call L & S Insurance at 1-888-244-7400 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial & Life & Financial products as well.

The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry itself.

From insurance fraud to workers’ compensation to the escalating assignment of benefits (AOB) issue, there is no shortage of insurance topics for lawmakers to discuss when the 2017 session begins March 7.

Workers Comp

Legislation addressing the tailspin of Florida’s workers’ compensation market is considered a top priority, thanks to several 2016 decisions from the Florida Supreme Court.

AOB

The industry is backing a bill (Senate Bill 1038) drafted by the Florida Office of Insurance Regulation and sponsored by State Senators Dorothy Hukill and Kathleen Passsidomo to address the abuse of assignment of benefits in Florida, particularly related to water claims

Insurance Fraud

Florida CFO Jeff Atwater announced that he is working with State Sen. Jeff Brandes and Rep. Holly Raschien to “tackle the ever-evolving issue of insurance fraud in Florida.”

Several bills have been filed, including Senate Bill 1012, 1014, and House Bill 1007 and 1009.

Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2017/03/03/443403.htm

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 call L & S Insurance at 1-888-244-7400 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial & Life & Financial products as well.

Almost 1 million customers were still without power in the U.S. Southeast Monday after Hurricane Matthew brought devastating wind gusts and flooding to North Carolina, leaving at least 10 dead in the state.

Duke Energy Corp., owner of North Carolina’s largest utilities, estimated power may not be restored to some customers before Sunday. More than 153,000 were blacked out in Florida as of about 2 p.m. New York time Monday, with about 675,000 without power from Georgia to southeastern Virginia, according to data compiled by Bloomberg from utility websites.

The National Weather Service on Monday issued flood warnings for parts of central and eastern North Carolina after as much as 15 inches (38 centimeters) of rain in some spots. The storm made landfall Saturday in South Carolina and has now dissipated in the Atlantic.

“Flooding, downed trees and power lines have resulted in major power outages to our region, and we have discovered more than 800 broken poles and miles of downed lines – and still counting,” Duke Energy storm director Bobby Simpson said in a Sunday statement. Flooded roads blocked some repairs, the company said.

Matthew appears to have spared Florida’s citrus belt, with “negligible” harm to oranges and about 10 percent of the grapefruit crop blown from trees, Florida Citrus Mutual spokesman Andrew Meadows said Monday by phone. Flooding will delay the cotton harvest in North Carolina and South Carolina and may reduce its quality, Kyle Tapley, a meteorologist for MDA Weather Services, said by phone Monday from Gaithersburg, Maryland.

 

Please enjoy the full article below!

http://www.insurancejournal.com/news/southeast/2016/10/10/428931.htm