Florida

Report: Florida's property insurance rates have risen by 42.5% since 2019

(The Center Square) — A new report shows that insurance rates for property owners in the Sunshine State have increased exponentially over the past few years.

Florida TaxWatch released an in-depth analysis of Florida's property insurance market, examining underlying factors contributing to its instability and 42.5% rise since 2019. These include damages from hurricanes and litigation, which have put pressure on insurers and forced some to leave the state.

One million Floridians have been disenrolled from Medicaid since 2023

(The Center Square) — Data from the Kaiser Family Foundation shows over one million Floridians were disenrolled from Medicaid since 2023, primarily for administrative reasons.

As of July 12, over 24 million U.S residents. have been disenrolled from Medicaid.

The federal government asked states to provide continuous Medicaid coverage to those enrolled during the COVID-19 pandemic, even if their circumstances changed, making them ineligible for coverage.

Jacksonville to pay $775M in public funds toward $1.4B Jaguars renovation

(The Center Square) – The Jacksonville Jaguars became the second NFL team this week to get a large sum of public money for a stadium renovation when the City Council voted 14-1 to approve $775 million toward a $1.4 billion renovation of EverBank Stadium.

The Jaguars and NFL are expected to pay $625 million toward the project, using NFL G-4 loans along with funds from items such as naming rights through the new 30-year lease and non-relocation agreement.

Project cost overruns must be paid by the Jaguars.

New Florida law would address 'benefits cliff' to promote self-sufficiency

(The Center Square) — A bill signed into law by Gov. Ron DeSantis this week will help needy families receive additional help toward what the bill sponsor says will be self-sufficiency.

DeSantis signed House Bill 1267, which would revise the tenants of several commonly used public assistance programs in Florida. These programs include Medicaid, the Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families, and Temporary Cash Assistance.

DeSantis announces $1.25B teacher pay hike

(The Center Square) — Florida Gov. Ron DeSantis held a news conference in Hialeah on Monday to announce $1.25 billion for teacher salary increases.

DeSantis said the funds for teacher salary hikes are earmarked in the budget over the next five years and pointed out that Florida has ranked tops overall in education by U.S. News and World Report for the past two years.

Since 2019, Florida lawmakers have appropriated $4 billion in teacher pay raises, which has increased starting teacher pay by nearly $10,000.

Share the shore with sea turtles and shorebirds

The Florida Fish and Wildlife Conservation Commission (FWC) is sharing the reminder that as we enjoy our beaches this Memorial Day weekend and beyond, nesting season is underway for our state’s imperiled sea turtles and shorebirds along our coasts.

Beachgoers can help ensure nesting success for both sea turtles and beach-nesting birds by giving them space, removing beach furniture and trash before leaving for the day, keeping beaches clean and dark, and never disturbing their nests.

OIR updates on Florida’s strengthening property insurance market

TALLAHASSEE, Fla. - The Florida Office of Insurance Regulation (OIR) issued an update on the continued strengthening of Florida’s property and casualty insurance market, including that property insurance rate filings for 2024 show a downward trend for the first time in years, indicating the continued stabilization of the property insurance market.