A federal court has ruled that an insurer must cover rock-mining blasting damage to a Miami-Dade home. Commissioner Joe Carollo is facing garnishment of his wages after losing a $63 million civil lawsuit. A bill could expand Citizens Property Insurance Corp.'s coverage in Miami-Dade. The US Senate Budget Committee is investigating the financial stability of Florida's state-backed home and property insurance company, Citizens Insurance, in the face of potential climate-related disasters. Miami is also facing a possible $56 million shortfall due to an invalid budget vote, while Palm Beach County is dealing with a $732 million funding gap for capital projects. The Senate Budget Committee's inquiry into Citizens Insurance is raising questions about its ability to handle climate risks and potential federal assistance. Senator Sheldon Whitehouse has requested documents from Florida's largest property insurer regarding its plans to address losses from climate-related weather events.
Miami city manager Art Noriega and city attorney Vicky Mendez ignored state’s warning, failed to follow the law, and passed an illegal budget. As a result, City of Miami could lose $56 million in revenue. Noriega and Mendez need to be removed immediately. https://t.co/r6oyvBh6cE
The chairman of the Senate Budget Committee has opened an investigation into #Florida’s Citizens Property Insurance Corp. and its ability to pay claims for “climate-related” disasters before seeking federal help. https://t.co/4tjRGLzQ89 via @ronhurtibise
4,500 Years Later: What Miami Will Look Like When Carollo Pays Off $63 Million Judgment https://t.co/qJTJQFY6eL
U.S. Senate Budget Committee is investigating Citizens, Florida’s property insurance of last resort , raising questions about climate risks and whether the federal government could be asked to bail out Citizens if a major hurricane hits. https://t.co/uWOM8TbcPf
It will only take 4,500 years for Bill Fuller and Martin Pinilla to secure the $64 million Joe Carollo owes them via his garnished wages. Take a look at what Miami will look like in the year 6530. (Hint: it will be underwater) https://t.co/wYxWvCTm8a
It will only take 4,500 years for Bill Fuller and Martin Pinilla to secure the $64 million Joe Carollo owes them via his garnished wages. Take a look at what Miami will look like in the year 6530. (Hint: it will be underwater) https://t.co/wYxWvCTm8a
Democratic Senator Sheldon Whitehouse of Rhode Island asked Florida’s biggest property insurer for documents on how it plans to address losses from climate-related weather events https://t.co/7QIBXHH6N7
The U.S. Senate Budget Committee has requested a wide range of documents from Florida’s Citizens Property Insurance Corp., raising questions about climate risks and whether the federal government could be asked to bail them out if a major hurricane hits. https://t.co/chbQ1amV0p
Palm Beach County faces a $732M funding gap for capital projects. Could some be canceled? https://t.co/0OQeJW4Gk5
Miami faces possible $56M shortfall after state regulators say budget vote was invalid https://t.co/AelkfCm4jY
Miami faces possible $56M shortfall after state regulators say budget vote was invalid https://t.co/ym33ZDUvqt
US Senate Budget Committee announces investigation into Citizens Insurance https://t.co/QRrHwPom9e https://t.co/Yz7zgONeEM
US Senate Budget Committee announces investigation into Citizens Insurance https://t.co/K0omdZHOMT https://t.co/E8hYXofdbM
U.S. Senate Budget Committee announces investigation into Citizens Insurance https://t.co/gZiV5E37di
The US Senate Budget Committee is investigating whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters. https://t.co/3tiWEtr3Ab
BREAKING NEWS: Bill would broaden Citizens home insurance eligibility in Miami-Dade More Miami-Dade and Monroe homeowners could become eligible for coverage from Citizens Property Insurance Corp., the state’s insurer of last resort. #MiamiTodayNews https://t.co/ypqyqE6u22 https://t.co/DMSQDI2ODj
Court: Insurer must cover rock-mining blasting damage to Miami-Dade home https://t.co/8kgGvA5Mju
Commissioner Joe Carollo is speaking out after a federal court ordered the City of Miami to garnish a portion of his wages, months after two businessmen won a $63 million civil lawsuit against him. Watch the full interview here. https://t.co/Lg8BZu9PzQ
Court: Insurer must cover rock-mining blasting damage to Miami-Dade home https://t.co/77Zx2ocqpj