Doing Business in Florida Blog

Berger Singerman’s 2021 Annual Hurricane Season Survey

June 25, 2021
Hurricane Preparedness Week , Atlantic Hurricane Season, Insurance, Hurricane Insurance Claims

Berger Singerman’s 2021 Annual Hurricane Season Survey polled more than 1,800 business owners and residents in South Florida. The results are alarming and prove that many are not ready to brace the season.
 

Hurricane Preparedness: Understanding Your Deductible

June 22, 2021
Justen S. Fischer  |  Hurricane Preparedness Week , Insurance Deductibles

Property policies typically contain deductible provisions, which set forth the amount of money an insured must pay toward a loss before the insurance company starts to pay. These provisions allow the insurer to reduce the amount it must pay for property damage by the deductible amount. In most cases, if the amount of the loss is less than or equal to the deductible amount, the insurer will not pay for that loss.

Storm Season Water Quality Outlook in South Florida

June 21, 2021
Sidney C. Bigham, III  |  Hurricane Preparedness Week , Hurricane Preparedness, Atlantic Hurricane Season, Lake Okeechobee

In May of 2021, Florida Governor Ron DeSantis expressed concerns about water levels at Lake Okeechobee, stating that: “with the lake at the level it is now, we're really concerned and bracing for the Corps to discharge. And that's not, we think, the way we want to go forward." With the onset of the wet season and what could be an active hurricane season this year, the Governor and some lawmakers are urging the Army Corps not to discharge Lake Okeechobee to canals and rivers to the east and west, but to send the water south to the Everglades. The reason is simple: toxic algae bloom in the waters of Lake Okeechobee, spurred on by the summer heat, threatens to impact residents and tourists who use south Florida waterways for business and recreation.