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Florida regulators decide whether to grant Citizens request for 14% rate hike

Published

4 months ago

on

www.youtube.com – CBS Miami – 2024-08-02 17:16:10

SUMMARY: Florida insurance regulators are considering a 14% rate hike request from Citizens Insurance, which could significantly impact over a million homeowners, especially in South Florida. Many homeowners are expressing frustration, with increased costs affecting their budgets. For instance, one retiree shared that his insurance rates have become a financial burden, while another homeowner saw her mortgage rise by $500 a month due to new insurance. Although Citizens remains the lowest insurer in many counties, even slight increases are concerning. Experts suggest that improvements in legislation around fraud may offer some future relief, but substantial rate decreases are unlikely.

CBS News Miami’s Joan Murray explains why it’s happening and how homeowners are reacting.

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St. Petersburg City Council votes to repair Tropicana Field’s roof | Florida

Published

9 hours ago

on

November 21, 2024

By

www.thecentersquare.com – By Steve Wilson | The Center Square – 2024-11-21 17:01:00

SUMMARY: The St. Petersburg City Council approved spending $55 million to repair Tropicana Field, including $26.3 million for roof replacement, after Hurricane Milton damaged it in October. Insurance and FEMA funds will cover some costs. However, Rays co-President Brian Auld doubts the repairs will be ready by 2026. The council delayed a vote on $333.5 million in bonds for a new $1.2 billion stadium, scheduled for 2028. The Rays argue the delay jeopardizes the project, having already spent $50 million. The team will play next season at George Steinbrenner Field in Tampa, paying $15 million to the Yankees.

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The post St. Petersburg City Council votes to repair Tropicana Field’s roof | Florida appeared first on www.thecentersquare.com

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Holiday shopping scams to watch out for

Published

18 hours ago

on

November 21, 2024

By

www.youtube.com – ABC Action News – 2024-11-21 08:12:01

SUMMARY: As holiday shopping increases, cybersecurity officials warn of a rise in online scams, particularly on social media. There has been a staggering 495% increase in scams related to Black Friday and Christmas shopping. Cybercriminals are exploiting fake websites and impersonating legitimate businesses to steal money and personal information, with electronics being the most targeted items. Artificial intelligence is enhancing the realism of scams, making them harder to identify. Experts advise consumers to be cautious, check seller history, and rely on credit cards over gift cards or cryptocurrencies for safer transactions.

Experts warn to watch out for holiday shopping scams.

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Miami real estate broker George Pino expected to turn himself in for deadly boating accident

Published

19 hours ago

on

November 21, 2024

By

www.youtube.com – CBS Miami – 2024-11-21 07:19:43

SUMMARY: Miami real estate broker George Pino is set to turn himself in following charges related to a boating accident that killed 17-year-old Lucy Fernandez two years ago. Pino, who has pleaded not guilty, was operating his boat during the 2022 Labor Day weekend crash that injured 11 others. Initially facing a misdemeanor charge, this was upgraded to a felony after a new witness emerged. Pino claims another boat caused the accident, but evidence contradicts his assertion. The Fernandez family attorney expressed that, while the charge increase is significant, it won’t bring back Lucy. Pino will be processed and released for court proceedings.

CBS News Miami’s Morgan Rynor is at the courthouse, where a hearing is set to take place.

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