by Brian Burgess | Oct 20, 2023
Hurricane Idalia’s actual insured losses in Florida are significantly lower than early projections, with current estimates at $269.3 million. Early predictions from data analytics firm Verisk had anticipated losses between $2.5 billion to $4 billion, primarily...
by Brian Burgess | Oct 18, 2023
Electric vertical takeoff passenger aircraft are nearing certification for passenger transport and could soon operate in Florida, according to a hearing yesterday in a Florida House Subcommittee. Leading companies like Boeing, Ferovial Vertiport, Beta and Lilian Jet...
by Jim Saunders - News Service of Florida | Oct 16, 2023
Duke Energy Florida estimates storm-related costs of $91.9 million from Hurricane Idalia. The company is seeking approval to pass the costs to customers in 2024, spreading them out with earlier storm costs. Duke expects that spreading out the cost collection time...
by Jim Saunders - News Service of Florida | Oct 13, 2023
The U.S. Supreme Court temporarily halted the Seminole Tribe’s sports betting expansion in Florida. Chief Justice John Roberts imposed a stay on an appeals court ruling favoring the gambling deal. Pari-mutuel companies challenged the compact, citing potential...
by Brian Burgess | Oct 12, 2023
Bank of America economists warn of potential turbulence in the national real estate market for 2024, driven by soaring mortgage interest rates, but not a housing crash. Similarities are drawn between current conditions and the inflationary early 1980s when high...
by Brian Burgess | Oct 11, 2023
Florida lawmakers may take a “wait and see” approach to property insurance during the upcoming legislative session. At the same time, a new report finds experts doubtful that legislative changes will be enough to lower premiums. Experts cite three factors...
