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AOB legislation to take effect on July 1

An update from one of our carriers, Gulfstream...

https://www.galvnews.com/news_ap/business/article_3b2af848-d8cb-5fa1-ba7d-21bba69ff518.html

Today Governor Ron DeSantis signed HB 7065 into law. We thank Governor DeSantis, our partners, and all the agents who advocated for AOB reform for their roles in making today a reality.

See what FAIA’s President & CEO Jeff Grady and some of our partners are saying about today’s signing.

Here's hoping that we have a quiet storm season!

"The Breezy Point design by Brooklyn-based Azaroff, who also serves as the New York disaster coordinator for the American Institute of Architects, keeps Sandy’s devastation in mind, from the bottom up:

• The house is elevated more than 3-feet above average flood elevation, with open concrete posts sunk deep into the ground and vents that let flowing water easily escape underneath the house.

• The walls and floor are made with concrete-filled forms made from polystyrene and recycled plastic that can withstand driving rain and 300-mile per hour winds.

• It has fire-resistant fiber cement-board siding, and inflexible, interlocking polymer roof shingles locked in with screws. Safety glass in the windows can withstand a 9-pound piece of wood flying at 34 miles per hour.

• And the roof is held in place with ultra-strong connectors.

Cost remains key for homeowners. The hurricane-strong house, as Azaroff has labeled it, is about 7% to 9% more expensive to build. But with energy and insurance savings, the upgrades should pay for themselves in 8-10 years, according to Azaroff."

https://www.thegazette.com/subject/life/home-and-garden/home-of-the-future-will-withstand-whatever-wild-weather-comes-20190518

"Here are the Florida findings:

-Florida’s average annual home insurance rate is the highest in the country at $1,918.
- Florida sits at No. 25 (down from No. 16 the prior year) with an average $384 rate increase (up 25% from $1,534 in 2007).
- Increased frequency and severity of natural disasters have contributed to Florida homeowner insurance rates going up."

https://www.bizjournals.com/orlando/news/2019/05/15/report-average-florida-homeowner-insurance-rate-is.html