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USA Property

Florida insurance execs’ pay of $50M raises worry about firms failing

Amid reports about eye-popping insurance executive pay and undercapitalized new insurance companies, leaders of the state-run insurer are raising an alarm about the potential of a new cycle of insurers going under — again.The Citizens Property Insurance Corp. met June 25, shortly after revelations that two executives of the 3-year-old, Tampa-based Slide Insurance — one of the companies now collecting premiums from former Citizens’ policyholders — were paid $50 million in their first two full years running the business.'Grotesque': Husband-wife insurance execs earn more than $50 million in 2 yearsCharles...
USA Property

Gov. DeSantis’ property tax cut push in Florida fails but will be back

The problem: Reducing or getting rid of property taxes would eliminate dollars local governments rely on for needed services.How well will the Florida Legislature work with Gov. Ron DeSantis?FLORIDA TODAY's John Torres discusses the 2025 legislative session with reporters James Call and John Kennedy in this excerpt fro the Florida Pulse.Florida lawmakers excluded property tax cuts from the recently approved state budget and tax package.House and Senate leaders plan to study the potential impact of property tax reductions on local governments before considering further action.While a potential property tax cut...
USA Property

Iowa DOGE task force floats consolidating the state’s 99 counties

Watch: Gov. Kim Reynolds discuses task force for Iowa 'DOGE'Hear from Gov. Kim Reynolds as she talks about Iowa's 'DOGE' on Thursday, Jan. 16, 2025, at the Iowa State Capitol.Iowa's DOGE task force is considering issuing a recommendation to consolidate the state's 99 counties to improve government efficiency and enable property tax cuts.The task force argues that the current county structure is outdated and wastes resources, citing Iowa's low population density.The task force is focusing on streamlining services and regionalization rather than directly addressing property tax reform.Iowa's government efficiency task...
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