The largest home property insurance company in Florida is $4 billion shy of what its head honcho feels it needs if a major hurricane were to hit the state this season.
In a recent interview, Citizens Property Insurance CEO Barry Gilway tells WLRN Special Correspondent Tom Hudson if a once-in-every-one-hundreds-storm—say, something more destructive than Hurricane Andrew—hit the state, policyholders and possibly taxpayers could be on the hook for all that money.
Aracelis Upia Montero works at the Alta Gracia garment factory in the Dominican Republic. She says she was desperately poor before she began working at the factory, which pays much higher than usual wages. "I'm now eligible for loans and credits from the bank because I earn a good salary," she says.
Credit Jackie Northam / NPR
Workers at Alta Gracia garment factory make around $500 a month, far above the industry average, though the company has yet to break even since it opened three years ago. Its apparel is sold at hundreds of college bookstores in the U.S.
Credit Jackie Northam / NPR
Maritza Vargas heads the factory's union. "There is a quote that reads, 'From nice dreams, you wake early,' " she says. "But we don't think like that at Alta Gracia."
Aracelis Upia Montero bounds through the front door of her wood and cinderblock house, calling out for her children. The bubbly 41-year-old Montero — whom everyone calls Kuki — proudly shows guests around her cramped single-story home in Villa Altagracia in the Dominican Republic.
Montero points out her new living room furniture. In the past couple years, she has added two bedrooms and now has indoor plumbing. She has also built a little apartment at the end of her dirt driveway that she rents out.
Originally published on Thu June 20, 2013 10:44 am
Update at 10:20 a.m. ET. No Big Decisions:
The Supreme Court did not hand down any of the big opinions we were waiting for. That means that as its 2012 term comes to a close, we are still waiting for major decisions on gay marriage, affirmative action and voting rights.
The Court will hand down decisions again on Monday at 10 a.m. ET. We'll be here.
But, lest you think it didn't make any news today, it did hand down three opinions:
The rise in the number of Haitians being detained at sea, at airports and at border crossings this year has the international community scratching as well as turning its head. More than 70 picked up by the U.S. Coast Guard in the waters off Puerto Rico; 33 by authorities off Jamaica; almost 3,500 in or off the Dominican Republic; 65 as far away as Peru.
In the past decade, Mexico's tech industry has flourished, growing three times faster than the global average. Most of that growth has been fueled by demand from the United States. But as Mexico's startups strive to make it in foreign markets, they say they need more engineers and ways to finance their growth.
The owners of HurricaneStore.com say their 72-hour emergency preparedness kit is one of the company's bestsellers. The backpack contains several items including a radio/flashlight, toilet paper, ponchos, food, and water.
Quoting the revolutionary icon might not be such big deal in some media markets, but in South Florida it is a different story. Here, he is remembered mostly as a murderer and oppressor of political dissent in Cuba's Revolution.
The deck at iconic bayside bar Shuckers Bar & Grill in North Bay Village collapsed into Biscayne Bay around 9:45 p.m. Thursday night, as dozens of Miami Heat fans cheered on their team for Game 4 of the NBA Finals.
L'Hermitage One Condominiums on Ocean Boulevard in Ft. Lauderdale is in an enviable location right on the beach. But when a hurricane is brewing, it's on the front lines of the storm.
On Monday's Sunshine Economy, come along as we talk with the building's manager, engineer and residents about their investment in storm preparedness.
In South Florida, we live with the risk of a big storm for six months of the year... every year. Like no place else in the U.S., we know the devastation a hurricane can bring. And the expense to protect ourselves.
Miami-Dade County's Community Relations Board -- peacekeeper for the last half-century among the region's raucously contentious cultures and between the people and the police -- is getting ready for the aftermath of the George Zimmerman trial in Sanford.
If you opt for the upgrade, changes are coming to your iPhone experience this fall. And if you want to shell out some cash right away, the latest line of MacBook Air computers boasts a lot more power and battery life, and the machines are available to ship today.
Apple chiefs announced their latest products and improvements Monday as part of the keynote at the company's annual Worldwide Developers Conference in San Francisco.
We kept an eye on the two-hour presentation so you didn't have to. The highlights: