A Super Bowl's Impact
On February 1, the Tampa Bay area plays host to its fourth Super Bowl, and organizers say it could not come at a better time. The state and local economy is hurting, and the Tampa Bay Super Bowl Host Committee says the game will be a much-needed boost to the area. Preliminary figures suggest Super Bowl XLIII will bring $300 million to the Bay area. But despite reports that put the economic impact of the game at $500 million last year in Arizona and $463 million in Miami the year before, some economists argue those numbers are over-inflated. This week, join us as we explore the lasting impact of hosting a Super Bowl in Tampa.
John Falkenham was living in Tampa in early 2006 when he recorded memories of his youth decades before. He went to Sarasota to document his recollections of growing up on his uncle's farm in northeast Vermont - a location that would serve as the site for these two stories that he recalled vividly more than 70 years later. His preference was to record the session without a partner, and we'll hear his solo narrative today.
Reducing Reliance on Citizens Property
A task force has been meeting over the last few months charged by state lawmakers with finding ways to return Citizens Property Insurance Corp. to the state's "insurer of last resort." Citizens is the largest property insurance company in Florida with more than a million policies, but the Legislature created the task force to figure out how to return some of those policies to the private market. The task force will make its recommendations by January 31 and met this week in Tampa to start to finalize its report. Two of the more controversial suggestions would hike insurance rates until they are "actuarially sound" — in other words, until the premiums charged could sustain potential payouts — and would force Citizens policyholders to accept offers from other insurance companies to take over their policies. But consumers, lawmakers and others are concerned about having no choice who their property insurance company could be. And they're worried some of the companies taking over the policies are too small or too new to cover the risk. This week, join us as we break down some proposed new changes to the state's property insurance landscape and learn more about these so-called "take-out" companies.