Please call Lee at Acentria Insurance at 954-351-1960 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial, & life & Financial Insurance as well.

Thousands of property owners in one Florida County will be in newly created flood hazard zones later this year, and that means they’ll be required to buy flood insurance for the first time.

The Palm Beach Post reports the Federal Emergency Management Agency has finalized Palm Beach County’s new flood hazard zone maps.

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Many won’t like what they find.

Up to 50,839 properties will be newly designated in high-risk flood zones when the maps become official in two months, according to figures compiled by the county. Many homeowners in those zones who have federally backed mortgages will be required to buy flood insurance.

Many properties weren’t developed when the county’s current flood map was created in 1989, so they didn’t have flood-risk classification and owners didn’t have to buy insurance.

Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2017/08/08/460444.htm

Please be sure to call Lee Gorodetsky  at -1-954-351-1960 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  Acentria Insurance for a class at your office soon to review the maps with your agents. Private Flood can help, please ask me about it!!

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

Please call Lee at Acentria Insurance at 954-351-1960 for free quotes and information on Home Insurance, Flood, Private Flood, Auto, Business & Commercial and Life, Financial and group benefits  as well.

Florida’s efforts in establishing a private flood insurance market have been hailed as a model by many other states looking to buff up their flood insurance offerings, as well as the National Flood Insurance Program (NFIP) to follow as lawmakers hammer out its upcoming reauthorization.

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But some insurance companies are still standing on the sidelines of Florida’s flood market pool, saying it’s not a risk they are ready to write.

At a recent flood insurance conference put on by the Florida Association for Insurance Reform (FAIR) in St. Petersburg, a panel of executives from four Florida-based companies and one national broker discussed their reasons for writing — or for not writing — flood insurance.

“I have not seen a predictable flood model, and I have not seen predictable pricing in reinsurance coverage for that risk. If I don’t understand a peril — I can’t quantify it, know what my exposure is — I am just simply not going to write it,” said Bruce Lucas, CEO and chairman of Florida homeowners insurer Heritage Insurance. “I’ve got some fundamental principles I follow in the business world and I have to fully understand what I’m getting into to do it.”

Locke Burt, chairman and president of Security First Insurance, another Florida-based homeowners insurer that doesn’t write flood coverage, said lack of demand from customers and regulatory hurdles make it difficult to do anything in the flood insurance space.

“There is a reluctance to innovate in Florida. Most of the companies who have filed a product have simply copied the NFIP program,” he said.

Florida’s high risk of storm surge, he said, is another challenge with flood because it is incredibly difficult for the private market to model and accurately price. He said storm surge is an example of why there will always be a role for a federal flood market

Please read the full article below;

http://www.insurancejournal.com/news/southeast/2017/07/27/459034.htm

Please call Acentria Insurance and ask for Lee at 954-351-1961 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car Insurance, Business & Commercial & Life & Financial products as well.

A sinkhole that swallowed a boat and destroyed two homes had stopped growing as officials said Saturday they would monitor it over the weekend before determining when cleanup can begin.

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The hole stayed stagnant since Friday afternoon, said Kevin Guthrie, Pasco County’s assistant administrator for public safety. He confirmed that the hole, which is 250 feet (76 meters) wide and 50 feet (15 meters) deep, is the largest in three decades in the county, which has a history of sinkholes.

Dramatic video showed the home in Land O’ Lakes, north of Tampa, collapsing into the hole Friday morning. It quickly engulfed one home and a boat and then consumed about 80 percent of another home.

Guthrie said 11 homes in all have been affected. A third home lost about 45 feet of driveway and a septic tank.

Of the other nine evacuated homes, residents were allowed to return to four of them on Saturday afternoon

Please read the full article below

http://www.insurancejournal.com/news/southeast/2017/07/17/457741.htm

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: