Florida

Florida Condo Collapse Probe Zeroes in on Pool Deck Flaws as Preliminary Cause

Florida Condo Collapse Probe Zeroes in on Pool Deck Flaws as Preliminary Cause

Federal investigators have zeroed in on flaws in the pool deck as the preliminary cause of the 2021 collapse of a 12-story Florida beachfront condominium that killed 98 people. The National Institute of Standards and Technology said in a report that the Champlain Towers South pool deck began falling down at least seven minutes before […]

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SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time, the parent company for SageSure’s carrier partners Auros and Interboro Insurance will take over Olympus Insurance Co., the companies said early Wednesday.

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Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples area, on Aug. 26 pleaded guilty to more than $1.1 million in crop insurance fraud, part of a federal

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NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates

NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates

Starting in January, workers’ compensation insurance rates for Florida businesses could drop by an average of 7%. The National Council on Compensation Insurance last week recommended an average rate decrease of 6.9% for the voluntary market, effective Jan. 1. If approved by Florida’s Office of Insurance Regulation, the decrease would mark the ninth straight year

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The Hidden Florida Gem Retirees Love for Its Serenity and Affordable Living

The Hidden Florida Gem Retirees Love for Its Serenity and Affordable Living

Key Takeaways Sebring and surrounding Highlands County offer a lower cost of living than Florida’s larger cities and many other Sunbelt retirement destinations. Famous for its auto racing track, Sebring has numerous other attractions, including museums, art galleries, and a historic downtown.  Outdoorsy types will enjoy its parks, lakes, and golf courses.  Sebring’s county offers

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Florida Official Dismisses Need to Study Vaccine Mandate

Florida Official Dismisses Need to Study Vaccine Mandate

Florida Surgeon General Joseph Ladapo said there’s no need to do projections of the potential effects of ending vaccine mandates for children, as Governor Ron DeSantis pushes to make his state the first one to scrap immunization requirements. “We don’t need to do any projections,” Ladapo said Sunday on CNN’s State of the Union. “We

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Florida and Texas Will Build 30% of New Multifamily Units This Year—Here’s What It Means For Investors In These Markets

apartments

In This Article By the end of 2025, over 500,000 newly constructed rental apartments are expected to hit the U.S. market, significantly increasing inventory and helping to alleviate the housing shortage, according to a new report from RentCafé. This surge in supply could have significant implications for landlords nationwide. The latest figures follow 2024’s nearly

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Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements

Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements

Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against 8 property insurance companies over claims-handling practices flagged by recent market conduct examinations. Three of the companies, American Coastal Insurance, American Mobile Insurance, and Clear Blue Insurance, were fined the most this year – $400,000 each. The alleged violations

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DeSantis Unleashes ‘Florida DOGE’ in Quest to Kill Property Taxes

DeSantis Unleashes ‘Florida DOGE’ in Quest to Kill Property Taxes

Ron DeSantis is seeking to complete his project of remaking Florida into a conservative paradise with perhaps his riskiest wager yet: a campaign to largely wipe out property taxes. In his nearly seven years in office, the governor has ushered in a cultural revolution for schools, embraced abortion restrictions and thrown state resources behind President

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MortgageDepot Closes $150,000 HELOC On A Non-Warrantable Beachfront Condo In Florida

MortgageDepot Closes $150,000 HELOC On A Non-Warrantable Beachfront Condo In Florida

As a mortgage broker, we work with hundreds of wholesale lenders, allowing us to shop scenarios to these lenders and find solutions when traditional lenders can’t. Our loan officer, Roman Maranets, recently proved that once again. A borrower in Florida came to us needing a home equity line of credit (HELOC) on their beachfront condo.

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