By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration released its predictions for the 2022 Atlantic hurricane season. For the seventh consecutive year, forecasters are predicting above-average storm activity. More specifically, NOAA predicts a 65 percent chance of an above-normal season,...
By Anita Byer, Setnor Byer Insurance & Risk The end of the year is a great time to reflect on the past and prepare for the future. It’s also the perfect time for an annual insurance check-up. As the days, weeks and months go by, our...
By Anita Byer, Setnor Byer Insurance & Risk Citizens Property Insurance Corporation, Florida’s insurer of last resort, is planning to drastically increase the number of residential property inspections in the coming years. Citizens inspected roughly one percent of all its policies in-force last year and plans...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the U.S. experienced 308 billion-dollar weather and climate disaster events since 1980? According to the National Oceanic and Atmospheric Administration, the total cost of these events exceeds $2 trillion. Since 1980, the U.S. averaged...
The National Oceanic and Atmospheric Administration released its predictions for the 2021 Atlantic Hurricane season. The good news is that experts do not anticipate the historic level of storm activity seen in 2020. The not-so-good news is that NOAA is nevertheless predicting a season with...
Are you ready for Risk Rating 2.0? The National Flood Insurance Program (NFIP) is rolling out the first major update to its rating and pricing methodology in 50 years. This is a big deal because the NFIP provides about $1.3 trillion of flood insurance coverage...
The start of a new year is the perfect time for an annual insurance check-up. As the days, weeks and months go by, our lives change. So do our insurance needs. To make sure you haven’t outgrown your insurance, it’s a good idea to review your coverages at least...
Floridians insured by Citizens Property Insurance Corporation will see new policy forms next year. Citizens updated its homeowners and other personal lines property insurance policies to reflect Florida’s new assignment of benefits (AOB) laws. These updates will be incorporated into Citizens’ policies with effective dates on or after February...
How long has it been since you reviewed your homeowners’ insurance coverage? For most of us, it’s been too long. We just keep renewing the same policy we purchased years ago. After all, if it was good enough then it should be good enough now,...
Many of us will remember 2017 as the year of natural disasters. Even if you weren’t in the path of a coming storm or a spreading wildfire, you probably knew someone who was. It was a year of hurricanes, wildfires, flooding and severe weather. Economic...