Designers of All Aboard Florida's Miami station say the complex will remake downtown. But folks between the train's proposed stations aren't so thrilled with potentially 16 trains each way barreling through their neighborhoods.
Also with the start of hurricane season this week, we chat with Citizens Property Insurance CEO Barry Gilway.
Host Tom Hudson speaks with Andrew Marra of the Palm Beach Post, Laura Wides-Munoz of the Associated Press, Tim Padgett and Alicia Zuckerman of WLRN-Miami Herald News, and Toluse Olorunnipa of Bloomberg News.
A program aimed at shrinking billions of dollars in liability from Florida’s state-run insurance company launches Monday, Jan. 27.
Citizens Property Insurance is widely known as Florida’s insurance company of last resort. In actuality, it's become a major player in the insurance marketplace. State lawmakers felt that Citizens’ $500 billion of risk was too much for Floridians to shoulder. So they've been trying to shift policyholders from Citizens into the private market.
Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.
The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.
Florida’s top prosecutor wants to overturn a federal gun law and allow 18 year-olds to own handguns. It’s just the latest example of the Sunshine State battling the federal government. It’s done it over health care, voting rights and now gun control.
Sen. David Simmons, R-Maitland, believes he has the votes to put his sweeping overhaul of Citizens Property Insurance Corp. up for a final vote in the Senate on Thursday.
Simmons was busy lobbying his colleagues over the proposal (SB 1770) during the floor session on Wednesday after the measure was postponed for the second time in nine days from being put up for a final Senate vote.
Two months ago, I was forced cancel my windstorm insurance due to the high deductions, meager coverage and exorbitant cost. For the past four years, the insurance lobby has run wild in their insatiable demand for bigger profits for insurance companies already flush with cash.
Sen. Anitere Flores, R-Miami, filed a bill in the Florida Senate Friday that would add a consumer advocate to Citizens Property Insurance Corp.'s board of directors. It would also require that two of the members hail from South Florida.
Getting a handle on property insurance rates is a top priority in the upcoming Florida Legislature 2013 regular session, but it's no easy task, according to popular consensus at Monday night's Town Hall session hosted by WLRN and the Miami Herald.
"The legislature is in a terrible box," said Mary Ellen Klas, the capital bureau chief for the Miami Herald and a panelist at Monday's event. "This is one of the tough issues they have to grapple with."
As a very young man, I remember getting a phone call from mom (then a bank VP) telling me to get my butt out of the house and get some money in my account because I was about to be overdrawn. The point is, I learned from a very young age to watch my expenses and know how much I could afford. When funding a home, for instance, it always makes sense to try to figure not only what your current payments will be but to also adjust for things getting more expensive—such as taxes and insurance.
The price of property insurance in Florida keeps going up -- such that some homeowners are getting second mortgages or dropping coverage all together. The state created Citizens Property Insurance to be the insurer of last resort for Florida homeowners. But plans to shrink Citizens by loaning money to private insurance companies and allegations of corporate misconduct have sparked outcries by some state officials and the public alike.
Affordable Care Act issues are expected to dominate discussions of insurance in the Legislature in the weeks ahead but lawmakers will also take swipes at workers compensation, hurricane preparations and Citizens Property Insurance Corp when they return.