Now the House and Senate have approved and President Obama will soon sign it into Law. This will basically put everything back the way it was before October 1st 2013. Fort Lauderdale, South Florida, Tarpon Springs Tampa, and all of Florida will be in a better situation for at least 3-4 more years until the 5 years is up from the Original Biggert-Waters bill. The following changes will occur;

Anyone who was charged more will be getting refunds.

Subsidized rates will again be allowed we hope.

The 25 Billion dollar deficit will remain unchecked till another solution is found.

Rate Hikes will be capped off at 15-18% per year.

And Grandfather clauses will be maintained till July of 2017 when a new bill must be reached and agreed upon.

Please enjoy the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & Financial products as well.


There is barely enough money for 1 storm in 1 Hurricane season and what if we have 2 storms????  If Florida, which will affect Fort Lauderdale and all of Soouth Florida worse, could see more major rate hikes soon as the Federal plan is just not likley. The Florida  Cat fund may need to lower it’s exposure by 5 billion or more per storm  and if that happens then all of the  carriers will be required to get more expensive reinsurance form the private carriers (Like Warren Buffet’s company, among other’s). These increases will hurt the Real estate recovery in Florida as rates have been on the rise since Governor Rick Scott has come to office and even before that as well. When our Legislators meet in session soon, this will be a big topic and no National resolution could possibly come that fast. For a National plan to work, we already know that the President (Obama) must endorse the program for any hope and that is not likely as about 20 states have no interest at all to help the other’s. Please read the article below and please call L & S Insurance at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

Here we go again, after the house kept us from the Fiscal cliff they also managed to find the money for a pay raise as well. Why do they earn a raise, because they argued all  in Washington DC  for 4 years about doing nothing for this economy till the final hour. In any event, now they want to add in things like long term deals for the Florida Gulf coast c issues from the BP spill and the Alaske Pipeline as well. What did they have to do with Hurricane Sandi, but this is how deals are done in our Capital. They all want, but won’t work hard to pass the bill that is so badly needed. We hope they get this done as President Obama wants to sign this bill quickly to start the large relief fund that will be 20 Billion or more and then another 30 Billion for long term. Let’s get this past us now before a new session of Congress starts and they have to start from scratch??? Please read the full article below and please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance as well.

The multi year Flood  bill which includes many other items  passed the House w/ a huge vote and should go to the Senate quickly.The Gridlock for year end items needs to be cleaned out and this is one that many will agree and enough votes exist to make it pass. President Obama should sign the bill quickly as Student loans are part of this as well for college funding. Please read the full article and call L & S Insurance for all of your Home, Flood, Auto, Business & Commercial and even life Insurance quotes at 1-888-244-7400.