Citizens Property Insurance policyholders could be facing a dramatic rise in their sinkhole coverage. Its board voted 4-0 Wednesday to increase sinkhole premiums for homeowner policies by 430 percent statewide.
Board members cited the sharp rise in sinkhole claims and the company's subsequent losses as the need for the increase. In 2010, Citizens took in $32 million in sinkhole premiums, but paid out $245 million in claims.
On Wednesday, Republican National CommitteeChairman Reince Priebus weighed in on Floridas role in the 2012 elections as his organization rolled out a new television commercial and a Spanish language radio ad hitting the Sunshine State.
During a call with the media, Preibus called Florida a massively important battleground state for 2012 and dismissed suggestions that Gov. Rick Scotts continuing poor polling will impact the general election in 2012. The election is going to be all about Barack Obama, said Preibus.
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After pulling defeat out of the jaws of victory in the Jacksonville mayoral race earlier in the year, Mike Hogan, who was the Republican candidate in the contest, was named by Gov. Rick Scott to the Public Employees Relations Commission. Hogan, a former state representative who served as Duval County tax collector before losing the mayoral race, takes the place of Stephanie Williams Ray as chairman of the commission and will serve until Jan. 1, 2012. Hogan lost to Alvin Brown -- the first Democrat to win a mayoral election in Jacksonville since Ed Austin won in 1991.
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Florida Republican Congressman Tom Rooney is backing an idea to stop congressional salaries if the federal debt ceiling stalemate leads to a default.
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A national poll unveiled Wednesday reveals that former Gov. Mitt Romney of Massachusetts is leading the pack for the Republican presidential nomination -- but how large a lead and who his chief rival is depends on the candidates remaining on the sidelines.
The new Gallup poll shows Romney leading in all potential scenarios and he is enjoying a healthy lead when the survey just included announced candidates.
It is a simple fact in household economics that you cant spend more money than you make.
From his perch as chairman of the U.S. House Western Hemisphere Subcommittee, Florida Republican Connie Mack proposed a solution to help lower gas prices in America -- bring oil in from Canada. The Florida Republican also said that this wouldincrease the nation's security.
Mack called for President Barack Obama to quickly approve the Keystone XL pipeline which would send oil from Canadian fields in the United States.
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A poll unveiled by Viewpoint Florida on Wednesday morning showed that Floridians were not happy with President Barack Obamas handling of the debt ceiling negotiations.
The poll found that 57 percent of those surveyed disapproved of Obamas role in the negotiations, while only 40 percent approved of the presidents performance.
A majority of those surveyed -- 52 percent -- supported raising the debt ceiling with a plan, while 20 percent wanted to raise the ceiling regardless. Twenty-four percent wanted to leave the debt ceiling where it was.
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The Republican National Committee is unveiling a new ad Wednesday in key states. The fourth "Change Direction" ad is a 30-second clip that depicts a dire economic situation in January 2017, the end of President Barack Obama's "second term." It will air in Florida, North Carolina, Virginia, Indiana, Ohio and Iowa -- all states Obama won in 2008 which the RNC believes are vulnerable in 2012.
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Florida's Citizens Property Insurance board voted 4-0 Wednesday to increase sinkhole coverage for homeowner policies by 430 percent statewide.
Board members cited the sharp rise in sinkhole claims and the company's subsequent losses as the need for the increase. In 2010, Citizens took in $32 million in sinkhole premiums, but paid out $245 million in sinkhole claims.
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