William H. Kerdyk, Jr., President and CEO of Kerdyk Real Estate, comments on the wave of shops and restaurants coming to the downtown Coral Gables strip in a December 12, 2021 business story in the Miami Herald. https://www.miamiherald.com/news/business/article256460026.html
As reported on by The Real Deal South Florida on December 3, 2021, the rollout of the federal flood insurance program’s first overhaul in half a century is frustrating buyers and brokers.
To make the program more financially sustainable, the Federal Emergency Management Association (FEMA) has begun implementing a new pricing system, known as Risk Rating 2.0, sending some property owners in South Florida into a panic out of fear that their rates will skyrocket. Although FEMA has said that the majority of policyholders across the country won’t see huge increases — annual hikes are capped at 18 percent, and two-thirds of policyholders will see monthly increases of $0 to $10 — those in low-lying, coastal areas are skeptical.
“Because this is the government, not everything is crystal clear,” said Brian Boak, director of risk management for the property management firm AKAM. “The idea of this was to make it more transparent, and now it’s less transparent.” https://therealdeal.com/issues_articles/a-rising-tide/
As reported on by the Daily Business Review on December 6, 2021, some Florida litigators are praising SB 7014, a state senate bill, as a tool to alleviate the stress frivolous lawsuits have imposed on the ability of the judiciary to decrease the case backlog. The Florida senate judiciary committee approved the Coronavirus Liability Protection Bill which focuses on businesses in the health care area. Andrew Gordon, a labor & employment litigation partner with Hinshaw & Culbertson LLP in Fort Lauderdale, said the bill does a great job in balancing the protections that businesses in the health care arena need. At the same time, the bill would require those same businesses to take the coronavirus-related mitigation measures to protect both their patients and employees. https://www.law.com/dailybusinessreview/2021/12/06/coronavirus-liability-protection-bill-among-legal-headlines-of-2022-legislative-session/