How to prepare for a hurricane before it hits

Companies in states like Florida should have disaster plans that can help them prepare for a hurricane. Being proactive can mean the difference between a minor loss and a one that bankrupts a business. Ideally, every employee will know what the plan is and their role if a disaster strikes. It also is important that a plan is flexible enough to account for what is actually happening in a given scenario.

Driver sentenced to prison after fatal accident

A 66-year-old man who reached a plea deal on a DUI manslaughter charge was sentenced to up to five years in prison by a Florida judge. He will also have to spend up to 18 months on probation after he is released. However, the probation period can be reduced to 12 months if the defendant complies with all of its terms imposed upon him. Furthermore, there is a chance that he could be released from prison after completing 85% of his sentence.

Insurance companies still sorting out Hurricane Michael claims

Hurricane Michael made landfall in Florida in October 2018, and the storm is believed to be responsible for more than $6.9 billion in insured losses. There were 148,347 claims made related to the storm, and of those claims, 20,484 have yet to be resolved according to state authorities. That represents roughly 14% of all claims made related to the storm. In Bay County, 17% of the 88,830 claims related to Hurricane Michael have yet to be resolved.

The insurance commissioner in Florida has warned insurance companies not to delay efforts to close any unresolved cases in a timely manner. He said that their reputation of the insurance industry was at stake as they work to help policyholders. The commissioner told the governor and other state lawmakers that he was concerned over the number of claims that were still outstanding as of July 2019.

Property damage and tax law

If a Florida property is damaged in a flood or hurricane, its owner may be entitled to a tax deduction for the losses that have been incurred. However, there are several conditions that must be met to qualify for it. First, the damage must have been caused by a storm recognized as a federal disaster. Second, the deduction is only available if damages were more than 10% of the owner's adjusted gross income.

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