Catastrophe losses double at Travelers as insurance industry, states hit by more severe events
Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent quarter and the company swung to a loss as severe wind and hail storms in a number of regions led to rising coverage claims.
NBA still needs to approve Miami-Dade’s $135M deal with FTX to rename Miami Heat’s home
If the NBA approves a new deal, the AmericanAirlines Arena, also known as the “Triple-A” or AAA, will be the FTX Arena until 2040. The change in naming rights is part of a $135 million deal that Miami-Dade County commissioners approved on Friday. Garcia said that although the motive is related to marketing, FTX put conditions on how the money needs to be spent. Alameda Research, a quantitative trading firm founded in 2017, backs the international cryptocurrency exchange, which is associated with FTX US. Sam Bankman-Fried, the chief executive officer of FTX, released a statement saying the FTX family “is thrilled” about the “partnership” because FTX isn’t just putting a name on an iconic building.
Despite coronavirus warnings from CDC, airports becoming busier in South Florida as travel increases ahead of Thanksgiving
FORT LAUDERDALE, Fla. – A rush of passengers arrived at Fort Lauderdale-Hollywood International Airport Sunday morning, with just four days to go before Thanksgiving. The flyers were clearly not phased despite a recommendation from the CDC to avoid Thanksgiving travel due to surging COVID-19 case numbers. Despite the warning, AAA says some 50 million Americans will still travel for turkey day; that’s only a ten percent drop compared to last year. Passengers at FLL that spoke with Local 10 view their decision to still travel as more of a personal choice. But others, like a woman traveling to Los Angeles, said they know the risks and are taking extra precautions to stay safe.
Heat wants to make it happen: AAArena as voting place for election
MIAMI, Fla. The focus is about social justice and now the Miami Heat want to use their home as a voting location for their community but its Miami-Dade County that has the final say. Back on July 25, Miami Heat Head Coach Erik Spoelstra talked about the possibility of using the American Airlines Arena as a polling site. One was establishing a social justice coalition using team owned arenas for voting and television ads focused on voting to air during the playoffs. There is a sticking point, however, the AAA is not a team-owned arena, rather its the property of Miami-Dade County, the Countys deputy supervisor told Local 10. Local 10 reached out to the office of Miami-Dade County Mayor Carlos Gimenez for a comment on the proposal.
Cheap gas continues as Florida drivers pay lowest prices at pump in 16 years
Gasoline prices this July are the lowest they have been in 16 years around the state. Prices at the pump are holding steady as demand remains low because of less drivers on the roads due to the coronavirus pandemic. For comparison, in past July months, the highest recorded price was on July 17, 2008, when regular unleaded was $4.11 a gallon. One of the cheapest places for gas in Florida is Orange County, home to Orlando, where a gallon of gas averages $2.07. See more gas prices around the state of Florida.
Heat honors Kobe, plays video on front of AAA
Heat honors Kobe, plays video on front of AAAPublished: January 27, 2020, 2:49 pmA day after the shocking death of NBA star Kobe Bryant and 8 others, the Miami Heat are honoring the future Hall of Famer by playing a video on the front of the American Airlines Arena.
California gas prices soar above $4
Justin Sullivan/Getty Images(CNN) - Gasoline prices have spiked in California, soaring well above what most Americans are paying at the pump. California's gas prices are the most expensive in the United States: The national average is currently $2.65 a gallon. Most motorists around the country are noticing gas prices declining or stabilizing, which is normal for autumn. Gas prices typically drop after the busy summer driving season, AAA said. More than other states, California gas prices can sometimes skyrocket, because the state mandates cleaner gas with fewer emissions.
How to get the best price on a holiday plane ticket
If you want to arrive before the holiday, flying on Monday is the best choice. It has the lowest average ticket price ($486) prior to the holiday. Actually flying on the holiday offers the lowest average price per ticket ($454) while the Tuesday ($521) and Wednesday ($527) before the holiday are pricey and the heaviest air travel days, AAA says. While you're booking Thanksgiving travel, you may as well book for Christmas and New Year's. Sign up for alertsJust like the rest of the year, many fares fluctuate during the run up to the holiday travel season, says Tracy Stewart, editor at airfare deal site Airfarewatchdog.com.
Gas prices will climb following the Saudi attacks
Crude oil prices are rising after attacks on oil fields in Saudi Arabia over the weekend. Gas prices probably won't climb high enough to substantially hurt the US economy. The sudden jump in oil prices above $60 a barrel means gas prices are expected to start rising within a few days, she said. Spike in gas prices at end of year is uncommonAny increase in gas prices at this time of the year is relatively uncommon, according to Patrick DeHaan, head of petroleum analysis for GasBuddy, a firm that has an app that helps people track gas prices at individual stations in real time. So far, oil prices and by extension gas prices remain at reasonable levels.
Road rage on the rise: How to survive these dangerous encounters
Road rage has been on the rise for years. "So, folks are sacrificing sleep in order to get things done, which only exacerbates the likelihood that somebody will experience a road rage incident." Preventing road rageThe best way to survive road rage is to keep it from happening in the first place. All you are doing if you react with your children in the vehicle is training them in road rage; not great parenting." If you find yourself the victim of a road rage incident, here are some key steps to take:Don't reactAvoid any escalation of the conflict.
Deaths caused by red light runners hit 10-year high, AAA says
Deaths caused by drivers running red lights hit their highest rate in 10 years, according to a new report from AAA. (CNN) - Deaths caused by drivers running red lights hit their highest rate in 10 years, according to a new report from AAA. It's a problem that can be curbed with red light cameras, Kolosh said, which reduced red light violations by 40% in a study by the Insurance Institute for Highway Safety. The cameras photograph vehicles that run red lights, which police can review to decide whether to ticket them. Speeding, however, continues to be the most common cause of car deaths caused by improper driving.
Polite drivers are to blame for traffic jams
MIAMI – When it comes to traffic jams, it's the polite drivers who are to blame for the mess, according to experts. The way drivers merge late is called the zipper method, and higher-ups with groups like the AAA say it's the best way, according to the Detroit Free Press. When you leave a lane early, it leaves the other lane unoccupied, which is no-no. "The zipper merge has shown to keep traffic moving more smoothly, compared to a less structured approach," William Van Tassel of AAA told the newspaper. Believe it or not, officials with the Colorado Department of Transportation say zipper merging reduces delays by 40 percent.
Polite drivers are to blame for traffic jams
Justin Sullivan / Getty ImagesMIAMI - When it comes to traffic jams, it's the polite drivers who are to blame for the mess, according to experts. Slowing down and getting into the correct lane early when two lanes merge to one may seem like the nice thing to do. The way drivers merge late is called the zipper method, and higher-ups with groups like the AAA say it's the best way, according to the Detroit Free Press. When you leave a lane early, it leaves the other lane unoccupied, which is no-no. Believe it or not, officials with the Colorado Department of Transportation say zipper merging reduces delays by 40 percent.
AAA to provide free rides for impaired drivers Independence Day week
Scott Olson/Getty ImagesMIAMI - In an effort to keep impaired drivers off the road during the busy Independence Day holiday, AAA will tow cars and their drivers for free. Absolutely no membership is required for the complimentary rides that will run from Wednesday through Friday morning. The "Tow to Go" promotion is a partnership between AAA and Budweiser, the Palm Beach Post reports. For a free ride or tow, call (855) 2-TOW-2-GO or 855-286-9246. Copyright 2019 by WPLG Local10.com - All rights reserved.