State insurance regulators and the Florida Association of Insurance Agents are outraged over a letter that Ohio-based Demotech, which assigns financial strength ratings to Florida-based insurers, sent to 17 of those insurers telling them that their A rating will be downgraded on July 26. The downgrades threaten to throw the insurance market into turmoil.
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Invisible Urban Charging, based in Auckland, New Zealand, is partnering with Dallas-based Lincoln Property Co. to make the chargers available for all models of electric vehicles. The first are being installed at the new Truist Plaza, a Lincoln Property building in downtown Orlando.
A back-to-school tax “holiday” on items such as clothes and school supplies is set to begin Monday.
Tesla is racing to increase output to around 2 million a year after slow ramp-ups at its new factories in Berlin and Texas. The automaker’s California factory is at record levels and China is expanding after a second-quarter shutdown.