A new proposal by Florida Congressman Jared Moskowitz could lead to states like California helping to cover the high cost of home insurance claims in states like Florida and Texas, where major storms have made insurance very expensive. Moskowitz wants to create a national insurance fund to spread the risk across the country. His idea…
Fort Lauderdale, FL – As Hurricane Helene made landfall in South Florida, residents of Springbrook Gardens condominium were grappling with an urgent eviction order that had left many homeless during the storm. The condo building, constructed in 1978, was deemed structurally unsafe by city officials just before the hurricane’s arrival, forcing residents to vacate with…
The Boeing (NYSE: BA) strike, led by the International Association of Machinists (IAM), has now entered its second week, halting production of key aircraft models, including the 737, 767, and 777, at the company’s Washington State facilities. Aviation analysts estimate that Boeing could be losing between $100 million and $150 million per day due to…
As Election Day approaches, the possibility of an “October Surprise” looms large. This year, that surprise could come from a highly unexpected source: the docks of America’s East Coast and Gulf Coast ports. The International Longshoremen’s Association (ILA), representing more than 85,000 dockworkers, is threatening to strike unless an agreement is reached with the United…
Florida’s Citizens Property Insurance Corporation appears to be in a strong position to handle the financial strain from Hurricane Helene, with early estimates placing insured losses between $3 billion and $5 billion. As the state-run insurer of last resort, Citizens has grown substantially in recent years, now covering over 1.3 million policies due to the…
As private insurance companies pull out of high-risk areas across the United States, the growing crisis in home insurance is becoming impossible to ignore. California, one of the nation’s largest markets, is a stark example of this trend. State Farm, the largest home insurer in the state, has issued a grim warning: without significant premium…
Governor Gavin Newsom signed two significant pieces of legislation today aimed at protecting the financial well-being of children and teenagers featured in online content. The new laws, AB 1880 (Alanis) and SB 764 (Padilla), are designed to prevent financial abuse in the digital entertainment industry, particularly for child influencers. These measures have been championed by…
Florida Governor Ron DeSantis recently signed Senate Bill 92 into law, introducing changes to the state’s Yacht and Ship Brokers’ Act. One of the most debated provisions is the requirement that applicants for a broker’s license furnish proof of “good moral character.” The law, which goes into effect in October 2024, raises significant concerns about…
As Florida braces for another potential storm this hurricane season, all eyes are now on Potential Tropical Cyclone Nine. Currently positioned over the northwestern Caribbean Sea, the system is expected to strengthen into a tropical cyclone within the next 24 hours, with landfall along the northeastern Gulf Coast likely by Thursday. The forecast of rapid…
On Sunday, September 22, California Governor Gavin Newsom signed SB 1053, a landmark bill that will ban plastic grocery bags across the state starting January 1, 2026. This move is part of California’s ongoing effort to reduce plastic waste and pollution, but it comes with financial implications for consumers. As plastic bags are phased out,…
