Tampa Bay Rays and Rowdies: The Tampa Bay Rays and Rowdies are donating 1 million meals to Feeding Tampa Bay and are matching an additional 1.5 million meals.Īshley HomeStore: Ashley HomeStore donated 100 beds to Hillsborough Hope, a temporary camp serving the county’s most at-need residents. Visit Tampa Bay: Visit Tampa Bay is donating 100 percent of the proceeds from its culinary journals to Feeding Tampa Bay. Another $500,000 will go to other unnamed charitable organizations. The utilities will donate $500,000 to the Salvation Army’s Share program, which supports customers who cannot pay their utility bills. TECO: Tampa Electric and TECO Peoples Gas plan to donate $1 million to local charities. Petersburg Free Clinic and Metropolitan Ministries, Church Health in Memphis, Gleaners Community Food Bank in Southfield, Michigan, Food Bank of the Rockies in Denver and Citymeals on Wheels in New York City. Raymond James: Raymond James is donating $1.5 million to charitable organizations in the firm’s major markets. This follows a $10,000 donation from Publix earlier in the month. Pinellas County $20,000 in emergency assistance. United Way Suncoast: United Way Suncoast is giving the Girl Inc. The donation will help fund the program's scholarship fund, which helps low-income and military families take advantage of a 10-week summer program. of Pinellas, a local nonprofit that teaches girl valuable life skills. Publix: Publix has donated $10,000 to Girls Inc. Vistra: Vistra Communications, a Lutz-based communications firm has created a one-stop business resources guide for COVID-19.Ĭontend Capital: Contend Capital, A Tampa-based financial institution, are offering free consulting for businesses seeking loans through the two CARES Act programs. This week it will donate 600 masks to Community Health Centers of Pinellas, and another 600 masks to Hillsborough County Emergency Management. Ryan Nece Foundation: The Ryan Nece Foundation is donating 1,200 N95 masks to Tampa Bay health care workers. As we find out more information, we will be sure to release it via our social media and newsletters.Tampa Bay Wave: The Wave has launched an emergency loan fund to help startups stay afloat during this tough economic time. That being said, rating specifics are still unknown, and they are subject to change up until April 1, 2020.įlood Risk Rating 2.0 will bring significant changes to the NFIP and Pinellas county. These new rates will then be implemented on Octofor all new business policies and renewals. On Apthe NFIP will release the new flood insurance rates. It’s important to note that there will still be legislative caps on rate increases. Rates are not known at this time, but due to Pinellas county’s distance to water and the Gulf’s shallow shelf we believe this could negatively affect our coastal community. However, the rates charge currently are the same for a $1 million house with $250k in building coverage and a home that’s $250k (as long as the base flood elevation, building elevation, and flood zone are the same). Flood damage data has shown that homes with large property values (in excess of $250k) have larger flood losses than a home with a value of $250k or less. Why Is Cost to Rebuild an Issue with Flood Insurance?ĭue to caps set by the NFIP, the most coverage that a residential structure can obtain through the NFIP is $250k for the dwelling and $100k for contents. This will in turn help the NFIP spread the risk of flood insurance. They also hope it will lead to more homeowners purchasing flood insurance. Types of flood risk (storm surge, river overflow, heavy rain, etc.)įEMA hopes that be instituting the changes it will decrease the dramatic increases some homeowners face during map changes.Distance to the closest water source (or coast).The plan is to use the following data to determine more accurate actuarial rates: Nor will an X zone near a body of water be the same as an X zone more inland.” Petersburg, “No longer will an A zone in a coastal state be the same as an A zone in say, Montana. According to Patty Templeton-Jones of Wright Flood in St. Using new technology and actuarial data, FEMA will focus on an individual property’s flood risk, instead of focusing whether or not the property sits in a “100-year” flood plain (or Special Flood Hazard Area). Why are Flood Insurance Rates Changing?įEMA believes that using their new rating methodology, it will enable them to price flood insurance more accurately with greater transparency. Although unknown now, we expect that the rating changes could lead to higher flood insurance rates for many Pinellas county residents. Referred to as “ Risk Rating 2.0” this is the first major rating update since the National Flood Insurance Program (NFIP) was created in 1969. On MaFEMA announced changes to the way it will rate homeowners for flood insurance.
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