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Early estimate pegs Florida with $7.02 billion surplus in upcoming Fiscal Year

Early estimate pegs Florida with $7.02 billion surplus in upcoming Fiscal Year

by Caden DeLisa | Sep 5, 2023

Florida’s fiscal surplus for FY 2024-25 is projected to be approximately $7.02 billion, with revenues expected to reach around $47.6 billion. The state’s financial stability faces potential risks due to factors such as reliance on entities like the Florida...
New property insurer authorized, Citizens depopulation number climbs following Hurricane Idalia

New property insurer authorized, Citizens depopulation number climbs following Hurricane Idalia

by Caden DeLisa | Sep 5, 2023

Florida’s Office of Insurance Regulation (OIR) granted approval to Orange Insurance Exchange to operate in the state’s property insurance market, amid recent turmoil caused by Hurricane Idalia and insurer departures. Seven additional insurers were...
Florida storm watch: two new systems form in Eastern Atlantic as Idalia recovery continues

Florida storm watch: two new systems form in Eastern Atlantic as Idalia recovery continues

by Brian Burgess | Sep 5, 2023

Two new storm systems are developing in the Atlantic, one near the Windward Islands and another near the coast of West Africa, with high chances of becoming hurricanes later this week. Recovery efforts continue in Florida after Hurricane Idalia, with around 39,000...
A refreshing political Kum Ba Yah on Idalia recovery efforts

A refreshing political Kum Ba Yah on Idalia recovery efforts

by Brian Burgess | Sep 4, 2023

Ah, politics. The realm of the eternal campaign, where a day without a Twitter er… “X” feud is a day without a sunrise. But what’s this we saw on Saturday? A glimmer of bipartisanship cutting through the usual mudslinging, finger-pointing,...
Biden visits Idalia disaster zone; six counties added to federal emergency declaration

Biden visits Idalia disaster zone; six counties added to federal emergency declaration

by Jim Turner - News Service of Florida | Sep 4, 2023

On Saturday, President Joe Biden visited rural North Florida communities affected by Hurricane Idalia, pledging federal support. Governor DeSantis added six additional counties, including Columbia, Gilchrist, Hernando, Jefferson, Madison, and Pasco, to the disaster...
Eye of the Tiger? Florida gets its ribs broken in ugly bout with Hurricane Idalia

Eye of the Tiger? Florida gets its ribs broken in ugly bout with Hurricane Idalia

by Brian Burgess | Sep 3, 2023

What a difference a week makes. Last Sunday, we published an analysis of Florida’s property insurance market and concluded that insurers, elected officials and property owners alike were basically at Mother Nature’s mercy for the remaining months of the...
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