Hurricane season

FloodFlash Launches New Business Interruption Coverage Ahead of Hurricane Season

Retrieved on: 
Monday, April 15, 2024

Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States.

Key Points: 
  • Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States.
  • With a widely predicted hyperactive hurricane season, many experts anticipate huge losses from property damage and BI that could devastate businesses and communities for months on end.
  • Flood BI has been created because many businesses and public entities are unable to get BI cover.
  • FloodFlash hopes to support the many organisations at risk of flooding, not just in the Gulf and Eastern seaboard, but across the US.

IBHS ranks hurricane coast states on building code adoption, enforcement

Retrieved on: 
Tuesday, April 23, 2024

RICHBURG, S.C., April 23, 2024 /PRNewswire/ -- As hurricane season approaches, the Insurance Institute for Business & Home Safety (IBHS) today released the fifth edition of Rating the States, which evaluates building code adoption, enforcement and contractor licensing in the 18 states along the hurricane coastline from Texas to Maine. The signature study found that while some states work to ensure homes are resilient against extreme weather, many communities remain vulnerable because state or local jurisdictions have failed to adopt or enforce modern building codes or have allowed their codes to lapse and become outdated.

Key Points: 
  • Less than 35 percent of Americans live in communities with an adopted modern building code.
  • IBHS conducts Rating the States every three years to coincide with the building code cycle.
  • Since 2008, no state in the report has adopted a new residential code and enacted uniform statewide enforcement of that code.
  • Giammanco notes that inconsistent code adoption and enforcement resulted in catastrophic losses when Florida was impacted by Hurricane Andrew, which ultimately led to the state's focus on a strong code environment.

Duke Energy Florida's tree care practices prevent outages, earn 18th consecutive year of national recognition

Retrieved on: 
Friday, April 19, 2024

One such event is Duke Energy's annual tree giveaway in partnership with the Arbor Day Foundation's Energy-Saving Trees program.

Key Points: 
  • One such event is Duke Energy's annual tree giveaway in partnership with the Arbor Day Foundation's Energy-Saving Trees program.
  • Each January, Duke Energy customers can order a free tree in honor of Florida Arbor Day.
  • For more information about planning and planting vegetation around electrical facilities, please visit Duke Energy's Right Tree Right Place website .
  • Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Dolinsky Law Group Presents: Driving Safely During Mobile's Hurricane Season

Retrieved on: 
Friday, April 12, 2024

MOBILE, Ala., April 12, 2024 /PRNewswire-PRWeb/ -- In response to the onset of hurricane season in Mobile, Alabama, Dolinsky Law Group is providing critical safety guidelines for navigating the roads during these potentially hazardous conditions. This initiative aligns with the firm's dedication to the well-being and safety of the community, aiming to prepare and protect drivers against the unique challenges posed by hurricane season.

Key Points: 
  • Dolinsky Law Group offers essential safety guidelines for driving during Mobile's hurricane season, emphasizing preparation, caution, and the importance of staying informed to protect the community and reduce accident risks.
  • "Awareness and preparedness can significantly reduce the risks associated with driving during hurricane season," said a spokesperson for Dolinsky Law Group.
  • In the unfortunate event that you or a loved one are involved in an accident during hurricane season, Dolinsky Law Group is prepared to offer expert legal assistance.
  • For more information or to schedule a free consultation, please contact Dolinsky Law Group at (800) 474-4089 or visit https://www.duejustice.com .

Federal Alliance for Safe Homes Names Mike Buresh 2024 National Weatherperson of the Year

Retrieved on: 
Friday, February 2, 2024

TALLAHASSEE, Fla., Feb. 2, 2024 /PRNewswire/ -- Today, the Federal Alliance for Safe Homes, Inc. (FLASH) named Mike Buresh, Chief Meteorologist, Action News JAX - WJAX, WFOX as the 2024 National Weatherperson of the Year (NWP). This annual accolade acknowledges weather professionals who exhibit exemplary leadership in advocating for disaster safety and resilience.

Key Points: 
  • TALLAHASSEE, Fla., Feb. 2, 2024 /PRNewswire/ -- Today, the Federal Alliance for Safe Homes , Inc. (FLASH) named Mike Buresh, Chief Meteorologist, Action News JAX - WJAX, WFOX as the 2024 National Weatherperson of the Year (NWP).
  • The 2024 winner describes himself as not just a weather expert but a "weatherholic" whose lifelong passion for meteorology began in his early years in rural Iowa.
  • His career highlights include providing accurate warnings and tracking information for weather events, including tornadoes, waterspouts, floods, and local tropical cyclones.
  • We congratulate Mike and all of our outstanding 2024 National Weatherperson of the Year finalists who serve the public with unwavering excellence every day, especially during hurricane season."

KBRA Releases Research – Florida Insurers Ride 2023 Tailwinds While Bracing for 2024

Retrieved on: 
Monday, December 11, 2023

KBRA releases research discussing positive trends for Florida homeowners insurers which led to higher premium volumes, lower loss ratios, and growth in policyholder surpluses in 2023.

Key Points: 
  • KBRA releases research discussing positive trends for Florida homeowners insurers which led to higher premium volumes, lower loss ratios, and growth in policyholder surpluses in 2023.
  • After several years of significant catastrophe (Cat) losses exacerbated by a hyper litigious environment, many Florida homeowner insurers entered 2023 with weakened balance sheets.
  • The 2023 hurricane season closed with above-average storm activity overall, although landfalls were fairly limited compared to prior years, which mitigated claim frequency and overall losses.
  • The relatively benign 2023 hurricane season benefited insurers; however, early indications for 2024 suggest the potential for increased frequency and severity of hurricane activity, which could expose insurers to greater erosion of financial strength.

DAT Truckload Volume Index: Freight volumes cooled in September

Retrieved on: 
Wednesday, October 18, 2023

Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, said DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.

Key Points: 
  • Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, said DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.
  • View the full release here: https://www.businesswire.com/news/home/20231018639964/en/
    DAT Truckload Volume Index: Freight volumes cooled in September (Graphic: DAT Freight & Analytics)
    Seasonally declining shipments of retail goods and fresh produce decreased demand for truckload services last month.
  • The DAT Truckload Volume Index (TVI) fell for all three equipment types in September:
    Van and refrigerated (“reefer”) indexes were almost 7% lower than in September 2022.
  • Hurricane season has been mild, and our data showed the United Auto Workers strike had little impact on freight movements in September.”

Innovare International Announces New One-Person Shoveling Tool for Emergency Sandbag Filling

Retrieved on: 
Tuesday, September 26, 2023

Innovare International, Inc. is pleased to announce the Sandbag It!™, a one-person sandbag filling tool.

Key Points: 
  • Innovare International, Inc. is pleased to announce the Sandbag It!™, a one-person sandbag filling tool.
  • The Sandbag It!™ is a lightweight, portable and reusable sandbag holder & shovel combination, designed to fit any sized sandbag.
  • The Sandbag It!™ allows for flat storage and features a 6-inch extension beyond the sandbag height, creating an instant shovel for fast and easy loading of a sandbag.
  • When a storm is coming the Sandbag It!™ Shoveling Tool is the right tool for the job.

Pineapple Energy Announces Expansion to Florida

Retrieved on: 
Monday, September 25, 2023

MINNETONKA, Minn., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced that subsidiary SUNation Energy has expanded to Tampa and Central Florida.

Key Points: 
  • MINNETONKA, Minn., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced that subsidiary SUNation Energy has expanded to Tampa and Central Florida.
  • “The central Florida region has been on our radar for a few years,” said Scott Maskin, SUNation’s founder and CEO.
  • “We’ve witnessed a strong demand being driven by the need for energy independence and power reliability.
  • This expansion will create more jobs for Florida residents in the growing renewable energy field with long-term career paths and opportunities to grow with SUNation.

Florida-Based Belvedere Terminals Announces $750 Million Investment in Florida to Improve State's Fuel Supply Chain

Retrieved on: 
Tuesday, September 19, 2023

ST. PETERSBURG, Fla., Sept. 19, 2023 /PRNewswire/ -- Today, Belvedere Terminals announced the company is planning to invest approximately $750 million in Florida to develop multiple fuel terminals for storage and supply.

Key Points: 
  • ST. PETERSBURG, Fla., Sept. 19, 2023 /PRNewswire/ -- Today, Belvedere Terminals announced the company is planning to invest approximately $750 million in Florida to develop multiple fuel terminals for storage and supply.
  • Belvedere Terminals is a new company working to support state leaders who are focused on improving Florida's fuel supply chain and ensure gasoline is accessible during hurricane season, when Florida has faced gas supply shortages in the past due to port closures.
  • Belvedere Terminals will meet the growing need for fuel in the state by providing refined petroleum products to multi-location retailers.
  • From there, fuel products will be delivered by trains with state-of-the-art safety standards, over existing railways to the various Belvedere Terminals storage locations throughout Florida.