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Cathie Wood’s New York Exit Spotlights Overlooked Florida Region
(Bloomberg) — Cathie Wood’s move to St. Petersburg is giving an added boost to a Florida region that has quietly been booming, even as Miami and West Palm Beach generate more attention as destinations for New York finance firms. Related: Cathie Wood’s ARK Departs NYC in Shift to Florida Office With the addition of Ark Investment Management, which has about three dozen employees, the Tampa Bay metro area will have expanded assets under management by 61% to at least $582.4 billion since December 2019, according to Securities and Exchange Commission data. By comparison, the Miami metro area — an area
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Citizens Insurance to increase number of home inspections; how will it impact rates and uninsurable properties? | Florida
The State-run Citizens Property Insurance Corp plans to increase the number of annual home inspections it conducts from 5,205 in 2020 to 90,695 by 2025. The rationale for the proposal, according to the company, is to enable Citizen to set insurance policy rates and reduce the number of claims that customers file more accurately. According to a document detailing the proposal, and reported in the South Florida Sun Sentinel, the added inspections would focus on the age and condition of roofs, electrical systems, plumbing systems, air conditioning units and hurricane protection. Citizens Board of Governors will consider the proposal Wednesday.
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Judge Blocks Florida Property Insurance Law
A federal judge has blocked the state from enforcing a key part of a new property insurance law designed to combat fraud that prohibits roofing contractors from advertising to potential customers. Chief U.S. District Judge Mark Walker supported the call for a preliminary injunction from Brandon-based Gale Force Roofing & Restoration LLC, which argued the law signed by Gov. Ron DeSantis on June 11 violates First Amendment rights by directly penalizing protected speech. “It is also clear that the threatened injuries to plaintiff from banning plaintiff’s truthful commercial speech outweighs the state’s interest in preventing fraud, protecting consumers from exploitation,
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Florida SB 54 “Motor Vehicle Insurance”
During its most recent session, Florida’s legislature passed Senate Bill 54—a bill designed to eliminate the no-fault system for auto drivers and require Florida motorists to carry a package of mandatory insurance coverage. Many opponents of this bill have cited the higher cost to consumers (likely to result in an increased number of uninsured drivers), urging Governor DeSantis not to sign the bill into law. Florida’s No-Fault Insurance Laws Under Florida’s no-fault system, if two vehicles are involved in an accident, each driver’s own personal injury protection (PIP) coverage will kick in to pay their medical bills and other
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Buying, keeping homeowners insurance in Florida becoming an issue
WINK NEWS Buying and then keeping homeowners insurance in Florida is becoming an issue for thousands, and it’s forcing people to go a different route. Insurance companies that do business in Florida are sending out notices to thousands of homeowners, letting people know their policies will not be renewed. That’s creating a lot of stress these days. “Your home is your investment,” said Becky Ghrist in Rotonda West. “You know it’s a huge investment, and you work hard to have that, and you want to have it covered.” Ghrist got her notice in May. Since that day, she’s searched
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DeSantis vetoes proposed No Fault Motor Vehicle Insurance law in Florida
TAMPA, Fla. (WFLA) — Florida Gov. Ron DeSantis rejected a bill that would have revised motor vehicle insurance coverages in the state. The bill would have required every owner and registrant of a motor vehicle in Florida to have personal injury protection coverage to drive. Josh Duggar child porn trial continued to November; TLC cancels ‘Counting On’ Senate Bill 54, simply titled “Motor Vehicle Insurance” would have mandated drivers have coverage for bodily injury or death coverage in a crash, with a $25,000 coverage cost, and also subjected that limit for one person to $50,000 if two or more
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Want to Get a Personal Loan? Here’s What You Need to Know : South Florida Caribbean News
With many businesses forced to close during this pandemic and the financial crisis, it’s comforting to learn one can get financial help by borrowing money. When it comes to acquiring loans, personal loans are usually more affordable than other loan types. If you are planning to start a business or need some cash for everyday expenses, here are some things you need to know about a personal loan. What is a Personal Loan? A personal loan is simply a loan taken out for personal expenses. The loan doesn’t have to be tied up to any assets or properties, unlike mortgages,
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New bill could increase Florida drivers’ auto-insurance rates
Rates in Florida could go up by as much as $300 a year if you carry the bare minimum of $10,000 for personal injury protection insurance. Governor Ron DeSantis could sign a bill requiring mandatory bodily injury starting at $25,000. That decision would mean your rates could go up 50{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} as early as January. John Gardner, who owns the Lee County Insurance Agency, pointed out that 26{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of drivers on the road carry the minimum limits of bodily injury coverage. He said those who currently carry $25,000 in injury coverage may not see any increase in their rates. Gardner worries
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