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Mangrove Property Insurance approved to enter Florida market
Florida’s Office of Insurance Regulation (OIR) approved Mangrove Property Insurance Company to provide property and casualty insurance to homeowners statewide, the company announced Monday. Mangrove, a newly formed insurer led by industry veteran Stephen Weinstein,...
Report: Big deficit ahead for state employee health insurance trust fund
Trouble could be looming for Florida's state employee health insurance trust fund despite a positive cash balance. The State Employees' Health Insurance Trust Fund had a balance of $652.7 million for fiscal 2024-25, but the report from the nonprofit group Florida...
Florida part of $7.4B opioid settlement
Florida is expected to receive between $233.37 million and $325.93 million as part of a settlement announced Thursday involving 15 states, Purdue Pharma, Inc. and the Sackler family, which long headed the drug company, according to the Florida Attorney General’s...
Florida’s Pension System keeps drifting closer to disaster — and taxpayers are bailing it out again
For more than 15 years, Florida’s pension system has been drifting toward financial trouble, and a new pension report underscores the problem. Year after year, state officials have insisted that the system is stable, relying on strong investment returns and...
The Art of the Dangled Carrot: Trump, DeSantis and Florida’s Vacant Senate Seat
Few people have demonstrated an ability to use leverage to make deals more than President-elect Donald Trump. He built his business career around the concept, and he's demonstrated that those skills can be ported to the political world just as easily. And while the...
Florida’s Property Insurance Market: Progress or a Lucky Break?
Two narratives over the last few days underscore that Florida’s property insurance market is a complex beast, prone to rapid changes and ever-shifting fortunes. On one hand, we have claims that the market is making a significant recovery. On the other hand, Citizen's...
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