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Viceroy Insurance latest of 15 companies to provide homeowners coverage since Florida reforms

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Yet another property insurance company is entering the Florida market in the wake of industry reforms implemented in the state a few years ago.

Viceroy Preferred Insurance Co. announced this week that it will be providing coverage for Florida homeowners. The Florida-based carrier has been approved to write insurance for residential multiperil and dwelling fire coverage.

“Florida’s insurance market continues to strengthen and improve because of the legislative reforms we have put in place,” said Chief Financial Officer Blaise Ingoglia in a news release.

“Floridians now have more choices for their insurance carriers. More options allow competition in the marketplace and help to drive costs down. As your Chief Financial Officer, I will continue to work to bring even more insurance companies to Florida while holding them accountable to the policyholders they serve.”

Indeed, the state was given high marks this year by insurance and global credit analysts for the turnaround in the insurance market.

Global credit agency AM Best in May said legislative changes in 2022 helped revitalize the residential property insurance market in the Sunshine State. A report in Insurance Journal detailed how the changes played “a critical role” in ending seven rough financial years for that industry. Much of that action focused on making it harder to successfully sue insurers in Florida.

Viceroy is the 15th new insurance carrier that has started serving homeowners in the state since the legislative revisions. Viceroy will be targeting coverage for high-value homes and will initially focus on Florida’s east coast.

“Competition in Florida’s property insurance market is booming, and I am thrilled to announce a new Florida-domiciled insurance company approved to write business in our state — Viceroy Preferred Insurance Co.,” said Mike Yaworsky, Florida Insurance Commissioner. “We have now approved 15 companies to enter the market since our historic legislative reforms and I do not see any signs of competition slowing down.”

That competition is apparently working for consumers. Yaworsky’s news release said 29 homeowners insurance companies have requested rate decreases since January 2024 and another 44 companies have sought no insurance premium increases.


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Gov. DeSantis proposes handing all USF Sarasota-Manatee facilities to New College of Florida

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Gov. Ron DeSantis is supporting a plan that boots the University of South Florida from its Sarasota-Manatee campus and shifts every building, dorm and facility to New College of Florida, which would mark a dramatic reshaping of Sarasota’s higher education landscape.

The measure, pitched as part of the Governor’s 2026-27 budget proposal, would create a new section of Florida law directing the two institutions to shift all real property, buildings, leaseholds and related liabilities associated with the Sarasota-Manatee campus from USF to New College.

The conforming bill specifies that no students, employees, fund balances, research contracts or grants would be part of the transfer, which applies only to real estate, fixed capital facilities, certain furnishings and any outstanding debts tied to those facilities. It would also guarantee that current USF Sarasota-Manatee students can continue finishing their degrees for up to four more years.

If approved, New College would be required to assume full legal and financial liability for the campus’s outstanding facility debt no later than Oct. 30, 2026. Until that assumption is complete, New College would make monthly payments of $166,617 to USF to cover the debt service. Failure by New College to make those payments would void the transfer and return the facilities to USF.

The real property transfer would need to be completed by July 1, 2026, with specific assets and liabilities identified in a joint agreement approved by both schools’ Boards of Trustees and submitted to the Board of Governors.

The bill includes guiding principles for determining what moves to New College and what remains with USF. Permanently affixed buildings and general classroom furnishings would transfer, while movable equipment, intellectual property, computers assigned to USF personnel, fund balances and items of historical significance to USF would remain with USF.

The bill also requires that existing residential contracts on the Sarasota-Manatee campus be honored by New College through at least Aug. 15, 2027. If the two universities disagree on any aspect of the transfer, the Board of Governors must resolve outstanding issues by Sept. 30, 2026.

The measure includes teach-out protections for USF students who enrolled before the bill takes effect. Those students must receive priority access to classroom and support space in the transferred facilities for up to four academic years to allow them to complete their degrees locally. New College would be required to make that space available to USF free of charge. USF would also be barred from assigning newly admitted students to the Sarasota-Manatee campus as their home campus going forward.

The bill provides civil immunity to both institutions, and their Trustees and employees, for actions taken to comply with the act.

Representatives from New College of Florida and University of South Florida Sarasota-Manatee did not immediately return requests for comment.



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Dean Black bill abolishing Nassau County board advances in House

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This could save the county money.

Nassau County’s government is about to become a bit more streamlined, as an appointed board dormant since 2002 is potentially subject to be wiped off the books completely.

Rep. Dean Black’s legislation (HB 4017) would terminate Nassau County Recreation & Water Conservation & Control Districts on the books since the 1960s, when the Legislature created them by a special act.

There is one such district in ordinance.

Though the board hasn’t done anything in 23 years, removing it from the books purportedly would reduce administrative costs, and would transfer all assets and liabilities of the district to the Nassau County Board of County Commissioners, and protect taxpayers.

“The county has established a municipal service benefit unit, or MSBU, to address drainage issues subsequently. Therefore, the district is no longer functioning or necessary. In a word, it is now obsolete,” Black said.

“The district does not own any land, the district does not have any assets. The district does not currently levy any taxes. It has been inactive since 2002. The repeal of this district would prevent a future board of county commissioners from levying millage rates for what is now a defunct and unnecessary district against the taxpayers of Nassau County.”

The State Affairs Committee is the final committee stop before the House floor.



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Gov. DeSantis prioritizes road projects, infrastructure improvements in budget plan

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Gov. Ron DeSantis is looking to prioritize road construction projects and beef up infrastructure in his 2026-27 budget proposal.

DeSantis is calling for $15.4 billion for the Florida Department of Transportation (FDOT) in addition to $14.3 billion for the State Transportation Work Program, which handles construction and maintenance of Florida’s roads, bridges, rails, seaports and other public transportation systems.

Speaking at a budget press conference in Orlando, DeSantis said his proposal provides “major support for infrastructure and transportation.”

“Over $14 billion for our state work program — that more than funds everything we need to do,” DeSantis said as he unveiled a $117 billion proposed spending plan ahead of the upcoming Legislative Session.

The fully released budget plan gives more detail on how DeSantis wants to carry out his priorities.

The Governor wants to allocate $4.9 billion for highway construction and maintenance. That entails constructing 181 new lane miles, $1.4 billion for resurfacing 2,622 lane miles, about $873 million for repairing 38 bridges and replacing 21 others. In addition, DeSantis wants to allocate about $204 million for community trail projects.

DeSantis is also pushing for investments to be made at the state’s airports and seaports.

Under DeSantis’ plan, aviation improvements would get nearly $389 million and seaports could receive nearly $156 million for infrastructure upgrades.

“I don’t think you’re going to find another state that’s doing more meaningful things on transportation” and other issues while also maintaining a “stable budget,” DeSantis said at his budget press conference.

The state’s growing space industry would also benefit from DeSantis’ budget proposal which allocates $93 million through the FDOT Spaceport Improvement Program and $10 million for the Aerospace Investment Fund to help recruit companies to the state.

“As Florida’s space industry continues to reach new heights, infrastructure needs along the Space Coast will continue to be a priority, which is why the budget includes $5 million in startup funding to Space Florida to work alongside state agencies to establish additional wastewater capacity for Florida’s commercial launch providers,” DeSantis’ budget proposal added.

“These proposed investments are in addition to the nearly $700 million in funding through the FDOT Work Program to improve community infrastructure in Brevard, Indian River, and Volusia counties.”



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