Florida News That Impacts You – September 28th, 2023
Bottom Line: Your daily recap of the biggest news from around the state that impacts you in South Florida.
- Two disturbances are active in the Atlantic. Tropical Storm Philippe is expected to weaken into a depression before dissipating over the Leeward Islands. Another disturbance in the mid-Atlantic tracking behind Philippe is expected to develop into a tropical storm but isn’t expected to pose a threat to populated areas. There’s also the possibility of another disturbance forming off the coast of Florida, a la Tropical Storm Ophelia. Our weather will be impacted by the system for the remainder of the week bringing multiple inches of rain to South Florida.
- Citizen’s Property Insurance provided testimony to the Citizen's Board of Governors. In the meeting, the CEO of Citizens confirmed that the state’s insurer of last resort is now tracking towards 1.3 million in-force policies by year end – down from previous estimates of 1.5-1.7 million as private insurers have started to reenter the state and assume Citizen's policies. He stated the 12.5% increase in future premiums sought by Citizens is necessary as the insurer is in an unstable financial situation. The rate hike, if approved, will take effect December 16th for policy renewals.
- A new study by Study.com that found that Florida’s is currently the 5th most desired destination for teachers and the top destination in the eastern U.S. The top four destinations for teachers are Oregon, Washington, Colorado and California.
- Gas prices continued lower on Wednesday. Statewide the average price for regular unleaded is $3.54 per gallon – 11 cents lower than a week ago. In Palm Beach County the average price is $3.74 per gallon, which is the 7th highest price in the state and the best relative value of the year in the Palm Beaches.