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President Corcoran outlines FEMA, insurance claims and modular-housing repairs after recent hurricanes
Summary
President Corcoran said New College is pursuing insurance and FEMA claims for hurricane damage, expects substantial claims after insurance adjustments and described remediation work planned for modular student housing.
Sarasota, Fla. — President Richard Corcoran updated trustees on hurricane damage, insurance and FEMA claims and on repairs to modular student housing affected by recent storms.
Corcoran said the college is finishing insurance claims work and expects FEMA filings to follow; he reported the first FEMA reimbursement for grounds cleanup could be submitted in the coming days. He described hiring outside insurance adjusters to review buildings for hurricane-related damage and estimated, conversationally, that larger claims could be in the “$12 million to $15 million” range after full review, though he said he did not have exact final figures.
Corcoran said modular housing units suffered wind and water damage, including mold in some units; students were moved out and environmental engineers are assessing repairs. He said the work will include new carpet and mattresses and that the repairs would be included in insurance and FEMA claims.
Corcoran also said the college is exploring FEMA mitigation funding to harden campus assets and could pursue projects where FEMA would cover up to 75 percent of costs, leaving a 25 percent local share.
Trustees asked follow-up questions about timelines and whether modular repairs would be completed before fall; Corcoran said he expected the modular units to be in “mint condition” by fall and that additional FEMA mitigation work is under review.
