As the insurance crisis worsens, citizens’ coverage caps come into focus
As homeowners struggle to find coverage, insurance regulators are considering the possibility of lifting the $700,000 cap on policies sold by state-backed Citizens Property Insurance Corporation. $700,000 or more for homes, except in Miami-Dade and Monroe counties, where the limit is $1 million. However, as Florida’s property insurance market collapsed and home prices soared, many homeowners were abandoned by private insurers and unable to qualify for citizen insurance because of the $700,000 cap. rice field. [Source: News Service of Florida]
Florida sues U.S. Food and Drug Administration over plans to import prescription drugs from Canada
Florida has waited long enough. Gov. Ron DeSantis said Wednesday while announcing that his administration is suing the U.S. Food and Drug Administration over a plan it claims will save Floridians hundreds of millions of dollars on prescription drugs. Since the second half of the year, it said it has submitted multiple proposals to the FDA and the U.S. Department of Health and Human Services for federal approval to import prescription drugs from Canada. [Source: WPTV]
Health of Florida Bee Colonies
A world without bees would be dark. With less food being consumed by humans, fewer varieties of fruits, vegetables and nuts remain, and the effects of their disappearance ripple through the food chain. Stacker used the latest annual data from the U.S. Department of Agriculture to compile statistics on Florida’s bee population. According to the latest USDA data, colonies are down 22% so far in 2022. [Source: KPVI]
DeSantis’ ban on ‘wake-up’ investments could hit state pension funds, expert says
After banning CRTs in classrooms and boardrooms, Gov. Ron DeSantis sets new goals for his culture war against ‘Awakening’ using another acronym most people have never heard of: ESG Did. ESG is an investment strategy used to calculate the risk of long-term investments. According to his SBA monthly report to the trustees, the stock market fell as Florida’s pension fund fell from his nearly $200 billion high a year ago to $179 billion in June. , resulting in a movement against it. [Source: Orlando Sentinel]
Florida monkeypox cases continue to rise
Florida’s monkeypox cases have more than tripled since the beginning of August, as infections continue to rise. The state recorded 1,913 monkeypox cases on Monday, up from 525 cases reported through Aug. 2, according to Florida Department of Health data. Broward’s Dade and 578. [Source: News Service of Florida]
Also around Florida:
› Tampa is helping people pay their rent. But some owners don’t accept it.
In Florida, private property landlords are not required to receive rent from assistance programs, even if the tenant is eligible. This nuance comes at a great price for some Tampa residents who qualify for the city’s programs. Of the 355 people who were eligible for this assistance, about 35 (about 10%) were unable to because their landlords refused the money, according to a city spokesperson.
› Brevard Commissioner Approves 10 Grants for Projects Supporting Indian River Lagoon Restoration
Brevard County Commissioners this week unanimously approved grants for 10 projects designed to benefit the Indian River Lagoon. The Tourism Development Council’s Tourism + Lagoon Grant program allocation (totaling $939,343) is funded by proceeds from Brevard County’s 5% tourism development tax on hotel rooms and other short-term rentals.
› ‘Festival of Speed’ could bring British motoring events to South Beach for Spring Break 2024
Miami Beach is considering importing a major motorsports festival from England in March 2024, which could bring tens of thousands of visitors to South Beach during spring break. Representatives from the Goodwood Festival of Speed, which attracts more than 100,000 people each year at the Duke of Richmond, England, are pitching the idea to Miami Beach officials.
› Health is an asset, but one economist says it’s also a liability for some Florida people
A group of owners, including former Heisman Trophy-winning quarterback Tim Tebow, have acquired the rights to form a new franchise within the United Soccer League, aiming to bring professional football back to Jacksonville in 2025. In the spring of 2025, it will begin competing in the USL Championship (equivalent to the second level of the American football structure).
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