Sinkhole Spring Cleaning in Florida

Sinkhole Spring Cleaning in Florida

Spring in Florida is upon us and with it brings the site of bright yellow flowers and trees! The showy tabebuia tree announces springtime in Florida, with varieties that flower in pink, lavender-pink, and its signature yellow. It's a time of renewal for nature and brings about new life to our lawns and gardens. We often use this time as our annual deep cleaning for our home before the rains of spring and summer come shortly after.

Tampa and St. Pete are among the 'hardest-working' cities, according to new report

Tampa and St. Pete are among the 'hardest-working' cities, according to new report

Tampa is the hardest-working city in Florida, with St. Petersburg on its heels.

A new list by WalletHub ranks 116 cities nationwide on factors such as average workweek hours, employment rate, unused vacation time and commute times to determine the cities with the strongest work ethic.

About 40% of US Land Is at Risk for Sinkholes

About 40% of US Land Is at Risk for Sinkholes

The U.S. Geological Survey estimates that 35 to 40% of all the land in the U.S. is susceptible to sinkholes. While giant sinkholes often make news, smaller sinkholes are also exceptionally costly to homeowners. In 2009, the average sinkhole claim cost Florida insurance companies over $86,000 for cracked driveways, walls, and foundations. In that year, insurance companies paid out over $97 million.

Signs of Florida Sinkholes Every Condo Owner & Condominium Association Should Be Aware Of

Signs of Florida Sinkholes Every Condo Owner & Condominium Association Should Be Aware Of

Sometimes you will not have any warning prior to a sinkhole developing, as it may come about within hours or minutes. But other times, there are signs leading up to a sinkhole collapse. When the sinkhole is on the outskirts of the condominium property, you may not be aware of it. However, if the sinkhole in Florida affects a specific condo unit or common area such as the clubhouse or pool, you will most likely see signs of structural issues. These signs will warn you that something is not right before a sinkhole fully develops. 

Dealing With Florida's Sinkholes

Dealing With Florida's Sinkholes

It's a nightmare scenario; you're at home—maybe even sound asleep in your bed—or perhaps just walking down the street, and all of a sudden, the ground beneath you literally opens up, swallowing homes, cars, trees and even people into a muddy, seemingly bottomless pit. If you're in California, you might attribute such a catastrophe to an earthquake, but in Florida, chances are you've just witnessed—or been the victim of—a sinkhole. Some regions of the country are prone to sinkholes because of their geologic makeup—and Florida is one such region. Believe it or not, sinkholes are more of an insurance risk in the Sunshine State than hurricanes. And Florida has more sinkholes than any other state in the nation.

Housing Production Makes Healthy Gains to Start New Year

Housing Production Makes Healthy Gains to Start New Year

A surge in multifamily production pushed overall housing starts up 9.7% in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from HUD and the Commerce Department.

Builder Confidence Stays Strong in February

Builder Confidence Stays Strong in February

Builder confidence in the market for newly built single-family homes remained unchanged at a healthy 72 level in February on the NAHB/Wells Fargo Housing Market Index (HMI).

Filing a bad faith lawsuit against an insurer in Florida just got easier

Filing a bad faith lawsuit against an insurer in Florida just got easier

This story is reprinted with permission from FC&S Legal, the industry’s only comprehensive digital resource designed for insurance coverage law professionals.

The ‘angst-inspiring’ insurance reality of sink holes – Chubb

The ‘angst-inspiring’ insurance reality of sink holes – Chubb

The United States of America is currently enjoying strong economic momentum. Spending in the construction industry hit record highs towards the end of 2017, alongside positive gains in the manufacturing industry, according to data from The Institute for Supply Management (ISM).

2018 Construction Industry Economic Outlook

2018 Construction Industry Economic Outlook

These forecasts were presented in the 2018 Construction and Design Outlook: Cheery or Dreary?webcast presented by ConstructConnect, the Associated General Contractors of America (AGC) and the American Institute of Architects (AIA).

By all measures, a construction boom is shaping up for 2018

By all measures, a construction boom is shaping up for 2018

Things are looking good for the construction industry in 2018

All signs and numbers point to a huge year for the construction industry. Even in December, with much of the nation frozen, the construction industry added 30,000 jobs, according to the Bureau of Labor Statistics.