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Month: May 2023

Flood insurance costs are about to explode. ZIP codes closest to the coast will pay the most.

Flood insurance costs are about to explode. ZIP codes closest to the coast will pay the most.

Events of the past year have convinced more Florida homeowners of the need to carry flood insurance.

Flooding caused by hurricanes Ian and Nicole caught hundreds, if not thousands, of homeowners across the state by surprise, and without flood insurance.

Similarly, many homeowners affected by last month’s historic rainfall in eastern Broward County had no flood insurance and learned tragically that damage caused by water rising from the ground was not covered by their normal homeowner insurance.

It’s not just flood victims who are experiencing hard lessons about flood insurance.

Just as homeowners are realizing the increased risks of going without flood coverage, the Federal Emergency Management Agency has released data showing that coverage costs are exploding for properties in coastal areas most vulnerable to flooding.

The cost hikes stem from mandates by Congress to require rates charged by the National Flood Insurance Program, which is run by FEMA, to reflect the cost of flood risk to individual covered properties, and to pay down the program’s deficit, which was $20.5 million as of last November, according to FEMA. read more

People on the move

People on the move

Boards of directors

Christie Alexander, senior vice president at Orlando-based CrossMarc Services was appointed to the board of directors of KMI International, a global construction management firm headquartered in Orlando.

Education

Jarrett P. Dyson was promoted to the recording arts program manager at Full Sail University, Winter Park.

Health care

Dr. Joel Santora was appointed chief quality officer at Orlando Health St. Cloud Hospital.

Law

J. Stephen Pullum has joined Dean Mead as an attorney in the firm’s estate planning department.

Emily Greentree has joined Baker Donelson as an associate in the firm’s Orlando office.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.