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State officials urge patience as Citizens Property Insurance swells
The growth of Citizens remains a major concern for state officials, who are trying to find ways to stabilize the property insurance market in Florida. State officials outlined a plan to slowly raise Citizens' premiums up so that they are in-line with private insurer...
Florida Attorney General requests Mark Zuckerberg to testify before Statewide Council on Human Trafficking
Florida Attorney General Ashley Moody has called on Meta CEO Mark Zuckerberg to appear before the Statewide Council on Human Trafficking. A conducted statewide survey on social media's role in human trafficking found that Meta platforms were utilized in 146 out of 271...
HD 81 candidate Greg Folley posts another $28,000 to extend his total haul to $458k
Greg Folley, a conservative Marco Island city council member posted another $28,000 for his campaign for the House District 81 seat in the last month, bringing his total funds raised to $458,040 since May. Folley expressed gratitude for the strong support from the...
Another major insurer exits Florida market; state CFO vows to “hold them accountable”
Farmers Insurance announced on Tuesday that it is discontinuing home, auto, and umbrella coverage in Florida. The insurer's exit marks the fourth company to do so since the start of the calendar year. A spokesperson for Farmers told The Capitolist that the...
Florida’s reinsurance market shows signs of recovery, but prices are higher
Reinsurance market in Florida is improving after two years of financial troubles in the industry. Reinsurance prices have increased during the mid-year renewal period, but capacity is available. Recent measures, including tort reform, have stabilized Florida's...
Building on Florida’s small business momentum, optimism index ticks upwards despite inflation challenges
Levels of optimism among small business owners in Florida are rising, according to The National Federation of Independent Business' Small Business Optimism Index. The measure increased by 1.6 points in June to 91.0, marking a continued forward momentum in the business...
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