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Citizens board backs double-digit insurance rate increases in 2025
TALLAHASSEE — While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.
The proposal, in part, would lead to an average 13.5 percent rate increase for the most-common type of Citizens policy, known as homeowners’ “multi-peril” coverage. Condominium-unit owners would see an average 14.2 percent increase.
Across all personal lines of insurance — a category that includes policies for homeowners, condominium-unit owners, renters and mobile homes — the average increase would be 14 percent.
The proposal will go to the state Office of Insurance Regulation for review and potential approval. Actual increases for customers would vary based on factors such as where properties are located. A state law will cap increases at 14 percent for primary residences and 50 percent for non-primary residences, such as second homes.
Buca di Beppo Maitland has closed
Buca di Beppo has shuttered its Maitland location this week after a run that lasted nearly 25 years. A statement from the company said the closing was due to the expiration of its lease.
Known for its red-sauce Italian cuisine, the Minneapolis-based chain proliferated during the 1990s, gaining popularity for its family-style service, kitschy decor — including the “Pope Room” — and themed holiday offerings, such as heart-shaped lasagna. There still are dozens of locations dotted throughout the United States and, per their website, one as far-flung as Manila in the Philippines.
The Maitland outpost, one of several around Central Florida, was located at 1351 S. Orlando Ave. near Enzian Theater and Park Maitland School.
“Buca di Beppo has long cherished its role in the local community,” the company’s closure announcement read. “We extend our deepest gratitude to our patrons and staff who have created wonderful memories inside our restaurant.
Ford updates floorplan assistance program based on dealer input
Ford is changing how it pays dealerships for the cost of carrying inventory, creating the potential for more profit and encouraging vehicles to be turned faster.
CDK Global cyberattack shuts down most dealership systems nationwide
The DMS giant said it shut down most of its systems to contain problems as it works to address the issue and restore service.