Latest news with #non-Florida
Malaysian Reserve
16-06-2025
- Business
- Malaysian Reserve
Kin Fortifies Risk Management with Successful Reinsurance Program Completion Amidst Market Expansion
CHICAGO, June 16, 2025 /PRNewswire/ — Kin Insurance, Inc. (Kin) today announced that Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges it manages, completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. The programs, secured at favorable economic terms, underscore Kin's unwavering commitment to robust risk management and financial stability as it continues its rapid market expansion. Consistent with its longstanding conservative approach, Kin partnered with respected and stable reinsurers to secure strong reinsurance programs designed to protect its carriers and members from catastrophic risk, with all coverage levels significantly exceeding regulatory requirements. Kin's Florida reinsurance program offers $1.4 billion in reinsurance coverage for natural catastrophes, representing protection considerably greater than rating agency requirements. For its rapidly expanding non-Florida markets (excluding California), Kin's program provides more than a quarter of a billion dollars in coverage, well in excess of rating agency requirements. For California, Kin's reinsurance program provides targeted protection against severe seismic events and wildfires, ensuring robust financial backing for policyholders in this high-risk region. Kin Chief Insurance Officer, Angel Conlin, commented, 'We are incredibly pleased to have successfully completed our annual reinsurance placement with such strong support from our long-standing partners. This consistent backing is a testament to the effectiveness of our data-driven underwriting, and our proven ability to handle claims responsively, especially in the face of evolving climate risks. It further validates our unique approach to managing catastrophe exposure and reinforces our financial strength.' The reinsurance programs are consistently supported by a strong panel of 44 industry-leading reinsurers, each holding a financial rating of A- or higher by AM Best or are 100% collateralized, and supported by 29 catastrophe bond investors, reflecting deep confidence in Kin's underwriting capabilities. Kin's robust reinsurance framework not only provides critical disaster protection but also profoundly strengthens its capacity to deliver steadfast, reliable insurance to homeowners most vulnerable to the escalating impact of climate change. This commitment is central to Kin's mission: redesigning insurance to be smarter, faster, and centered on the customer. Kim uses intelligent pricing, offers seamless bundling, and makes every step simple and friction-free, especially in the places traditional insurers often ignore. This strategy is consistently validated, as evidenced by Kin's impressive Q1 2025 results, which included 35% year-over-year revenue growth and substantial gains in profitability. About Kin Kin is the only direct-to-consumer digital insurance provider focused on the growing homeowners insurance market. Kin offers more convenient and affordable coverage by eliminating the need for external agents. Kin's technology platform delivers a seamless user experience, customized options for coverage, and fast, high-quality claims service. Behind the scenes, Kin analyzes thousands of data points about each property to provide accurate pricing. To learn more, visit
Yahoo
16-06-2025
- Business
- Yahoo
Kin Fortifies Risk Management with Successful Reinsurance Program Completion Amidst Market Expansion
CHICAGO, June 16, 2025 /PRNewswire/ -- Kin Insurance, Inc. (Kin) today announced that Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges it manages, completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. The programs, secured at favorable economic terms, underscore Kin's unwavering commitment to robust risk management and financial stability as it continues its rapid market expansion. Consistent with its longstanding conservative approach, Kin partnered with respected and stable reinsurers to secure strong reinsurance programs designed to protect its carriers and members from catastrophic risk, with all coverage levels significantly exceeding regulatory requirements. Kin's Florida reinsurance program offers $1.4 billion in reinsurance coverage for natural catastrophes, representing protection considerably greater than rating agency requirements. For its rapidly expanding non-Florida markets (excluding California), Kin's program provides more than a quarter of a billion dollars in coverage, well in excess of rating agency requirements. For California, Kin's reinsurance program provides targeted protection against severe seismic events and wildfires, ensuring robust financial backing for policyholders in this high-risk region. Kin Chief Insurance Officer, Angel Conlin, commented, "We are incredibly pleased to have successfully completed our annual reinsurance placement with such strong support from our long-standing partners. This consistent backing is a testament to the effectiveness of our data-driven underwriting, and our proven ability to handle claims responsively, especially in the face of evolving climate risks. It further validates our unique approach to managing catastrophe exposure and reinforces our financial strength." The reinsurance programs are consistently supported by a strong panel of 44 industry-leading reinsurers, each holding a financial rating of A- or higher by AM Best or are 100% collateralized, and supported by 29 catastrophe bond investors, reflecting deep confidence in Kin's underwriting capabilities. Kin's robust reinsurance framework not only provides critical disaster protection but also profoundly strengthens its capacity to deliver steadfast, reliable insurance to homeowners most vulnerable to the escalating impact of climate change. This commitment is central to Kin's mission: redesigning insurance to be smarter, faster, and centered on the customer. Kim uses intelligent pricing, offers seamless bundling, and makes every step simple and friction-free, especially in the places traditional insurers often ignore. This strategy is consistently validated, as evidenced by Kin's impressive Q1 2025 results, which included 35% year-over-year revenue growth and substantial gains in profitability. About Kin Kin is the only direct-to-consumer digital insurance provider focused on the growing homeowners insurance market. Kin offers more convenient and affordable coverage by eliminating the need for external agents. Kin's technology platform delivers a seamless user experience, customized options for coverage, and fast, high-quality claims service. Behind the scenes, Kin analyzes thousands of data points about each property to provide accurate pricing. To learn more, visit View original content to download multimedia: SOURCE Kin Sign in to access your portfolio
USA Today
13-05-2025
- Entertainment
- USA Today
Going to Disney World unplanned? One dad pays price, goes viral after spending $1,400
Going to Disney World unplanned? One dad pays price, goes viral after spending $1,400 The dad's sticker shock on a last-minute family trip to The Happiest Place On Earth helped him go viral. But planning ahead can help cut costs. Show Caption Hide Caption Disney launches new Florida resident ticket deal Walt Disney World has announced the launch of a new ticket deal for Florida residents just in time for the summer. Fox - 35 Orlando It's no secret that Disney World is expensive, but just how much of a hit will your wallet take? Well, one dad from Florida went viral after breaking down the price of his $1,400, unplanned visit to Disney World. Craig Stowell, a professional YouTuber based in West Palm Beach, Florida, took his family to Walt Disney World in April, during Easter weekend and had some sticker shock after he spent a grand total of $1,391.91 on parking, tickets, food and drinks, he told USA TODAY. "Know that everything is more expensive than it used to be," said Stowell. "It's not just a quick trip up to Disney anymore. It's the cost of my son's first car." Nearly $1,000 just to get into the park Stowell's family was visiting him from New Hampshire on Easter weekend, when they decided to do an impromptu Disney trip, Stowell said. So, they packed their things and drove to Orlando, Florida, from West Palm Beach, Florida, which is around 170 miles southeast of Orlando. In a video he posted about his day, he talks about just how much money he and his family spent on a day trip to Walt Disney World's Hollywood Studios and Disney Springs. One of the first big purchases was the tickets, he said. For Stowell, his wife and three kids, including his son who was younger than 10, entrance to Hollywood Studios cost $974. The tickets were purchased on the day they visited the park. Tickets are broken up into two categories, according to Disney's website. Tickets for children who are 3 to 10 years old are a bit cheaper than tickets for adults, who need to be purchased for anyone who is 11 and older to enter the parks. Children younger than 3 enter the park for free. The remaining $345.91 was spent on parking, which is $30 per car, food and drinks. Spending Memorial Day weekend at Disney? See crowd calendar, weather Holiday surcharge made tickets more expensive Since the family visited the theme park on a holiday weekend, their tickets were more expensive due to a holiday surcharge, Stowell said. One-day tickets for Florida residents on Disney's website start at $119, and can be even cheaper for Florida residents planning to visit the park for multiple days. Will Disney tickets be expensive during Memorial Day weekend? Yes, tickets for Florida residents and non-Florida residents will be more expensive during Memorial Day weekend. During the holiday weekend, tickets start at $159, according to Disney's website. The price of admission for each park varies. Listed below are the prices of one-day tickets to enter the Disney parks on Saturday, May 24 for both residents and non-residents: Magic Kingdom - $184 - $184 EPCOT - $179 - $179 Disney's Hollywood Studios - $179 - $179 Disney's Animal Kingdom- $159 A family of five, with one child younger than 10 years old, would pay $947.87, including taxes, to enter Hollywood studios during the holiday weekend, according to Walt Disney World's website. That price tag doesn't include the additional costs of parking, Lightning Lane passes, photo packages, hotel stays or food. How to save on your Walt Disney World trip Stowell recommends that people trying to save some money plan ahead and skip the parks during holiday weekends and go during the off-season instead. Florida residents can also save money on their Disney trip by purchasing tickets for multiple days, according to Walt Disney World's website. While a one-day Florida resident ticket starts at $119, three and four-day tickets start at $87 and $72. The Florida Resident Summer Magic Ticket, which is valid from May 18 to September 27, offers an even more inexpensive experience. The summer magic tickets will cost the following, according to the resort's website: 4-Day Ticket – $60 per day, plus tax $60 per day, plus tax 3-Day Ticket – $75 per day, plus tax $75 per day, plus tax 2-Day Ticket – $105 per day Non-Florida residents can also take advantage of the 3-Day, 3-Park Ticket, which will allow guest admission to only EPCOT, Animal Kingdom and Hollowood Studios, and excludes Magic Kingdom, stated the resort's website. Prices for the ticket start at $89 per day, and are valid until September 22, according to Disney World. The tickets must be used within five days of the selected start date. Finally, Stowell offered one more piece of advice for Disney guests above the age of 21: "Don't buy the alcohol," said Stowell. It "would have saved a lot of money for me." This story was updated to add new information. Julia is a trending reporter for USA TODAY. Connect with her on LinkedIn,X, Instagram and TikTok: @juliamariegz, or email her at jgomez@
Indianapolis Star
13-05-2025
- Entertainment
- Indianapolis Star
Going to Disney World unplanned? One dad pays price, goes viral after spending $1,400
It's no secret that Disney World is expensive, but just how much of a hit will your wallet take? Well, one dad from Florida went viral after breaking down the price of his $1,400, unplanned visit to Disney World. Craig Stowell, a professional YouTuber based in West Palm Beach, Florida, took his family to Walt Disney World in April, during Easter weekend and had some sticker shock after he spent a grand total of $1,391.91 on parking, tickets, food and drinks, he told USA TODAY. "Know that everything is more expensive than it used to be," said Stowell. "It's not just a quick trip up to Disney anymore. It's the cost of my son's first car." Stowell's family was visiting him from New Hampshire on Easter weekend, when they decided to do an impromptu Disney trip, Stowell said. So, they packed their things and drove to Orlando, Florida, from West Palm Beach, Florida, which is around 170 miles southeast of Orlando. In a video he posted about his day, he talks about just how much money he and his family spent on a day trip to Walt Disney World's Hollywood Studios and Disney Springs. One of the first big purchases was the tickets, he said. For Stowell, his wife and three kids, including his son who was younger than 10, entrance to Hollywood Studios cost $974. The tickets were purchased on the day they visited the park. Tickets are broken up into two categories, according to Disney's website. Tickets for children who are 3 to 10 years old are a bit cheaper than tickets for adults, who need to be purchased for anyone who is 11 and older to enter the parks. Children younger than 3 enter the park for free. The remaining $345.91 was spent on parking, which is $30 per car, food and drinks. Spending Memorial Day weekend at Disney? See crowd calendar, weather Since the family visited the theme park on a holiday weekend, their tickets were more expensive due to a holiday surcharge, Stowell said. One-day tickets for Florida residents on Disney's website start at $119, and can be even cheaper for Florida residents planning to visit the park for multiple days. Yes, tickets for Florida residents and non-Florida residents will be more expensive during Memorial Day weekend. During the holiday weekend, tickets start at $159, according to Disney's website. The price of admission for each park varies. Listed below are the prices of one-day tickets to enter the Disney parks on Saturday, May 24 for both residents and non-residents: A family of five, with one child younger than 10 years old, would pay $947.87, including taxes, to enter Hollywood studios during the holiday weekend, according to Walt Disney World's website. That price tag doesn't include the additional costs of parking, Lightning Lane passes, photo packages, hotel stays or food. Stowell recommends that people trying to save some money plan ahead and skip the parks during holiday weekends and go during the off-season instead. Florida residents can also save money on their Disney trip by purchasing tickets for multiple days, according to Walt Disney World's website. While a one-day Florida resident ticket starts at $119, three and four-day tickets start at $87 and $72. The Florida Resident Summer Magic Ticket, which is valid from May 18 to September 27, offers an even more inexpensive experience. The summer magic tickets will cost the following, according to the resort's website: Non-Florida residents can also take advantage of the 3-Day, 3-Park Ticket, which will allow guest admission to only EPCOT, Animal Kingdom and Hollowood Studios, and excludes Magic Kingdom, stated the resort's website. Prices for the ticket start at $89 per day, and are valid until September 22, according to Disney World. The tickets must be used within five days of the selected start date. Finally, Stowell offered one more piece of advice for Disney guests above the age of 21: "Don't buy the alcohol," said Stowell. It "would have saved a lot of money for me." This story was updated to add new information.
Yahoo
12-05-2025
- Politics
- Yahoo
Smart & Safe Florida joins Florida Decides Healthcare in ballot initiative challenge
(Stock photo by) The group seeking to legalize recreational marijuana in Florida has joined a legal challenge to a newly approved crackdown on ballot initiatives. Smart & Safe Florida over the weekend asked to intervene in a federal lawsuit filed last week by an organization seeking to place Medicaid expansion on the 2026 ballot. U.S. Chief District Judge Mark Walker granted Smart & Safe's request on Monday. Walker, meanwhile, has set a telephonic conference on May 14 to discuss scheduling for the lawsuit and how to move forward. Smart & Safe Florida, the group behind the proposed constitutional amendment to legalize recreational use of cannabis in 2024, is actively working to get another measure on the ballot in 2026 and didn't respond to a request for comment. But in a lengthy court filing, Smart & Safe Florida called the new restrictions signed into law by Gov. Ron DeSantis 'legislative gaslighting' that is not designed to block fraud in the initiative process as contended by the governor and others but will 'effectively destroy the people's right to invoke the citizen initiative.' The group, which has been largely financed by the medical marijuana giant Trulieve, was behind the 2024 initiative that fell just short of the 60% threshold needed to get approved. They have already started gathering petitions to try to make the 2026 ballot and have more than 200,000 signatures verified. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Smart & Safe Florida says some of the restrictions in the law, including a ban on using out-of-state residents to collect petition signatures, have already hampered their efforts. The organization has halted mailing out petition forms to registered voters due to a new requirement to turn over signed petitions within 10 days. The law prohibits felons, noncitizens, and non-Florida residents from acting as petition circulators; requires additional personal identifying information for voters signing petition forms and for petition circulators; and includes a requirement to place a financial impact statement drawn by a state-controlled panel on petition forms. That financial impact statement requirement violates its First Amendment rights, Smart & Safe Florida argues. While the Legislature, mostly the House, fought with the governor throughout the session, the Republican leadership did come together to pass HB 1205. DeSantis signed it into law three days after receiving the bill. The new law stems from a report from the DeSantis administration that alleged fraud in the petition-gathering process. The January report published by the state's Office of Election Crimes and Security asserts that more than 100 representatives of the group attempting to pass the abortion-rights amendment last year committed crimes related to gathering petitions. Meanwhile, Florida Decides Healthcare filed the the lawsuit last week. The group has been working to get its proposed constitutional amendment on expanding Medicaid on the statewide ballot in November 2026. In a press conference last week, Florida Decides Executive Director Mitch Emerson called the law a 'calculated and cowardly attempt by politicians in Tallahassee to rewrite the rules, not to serve the people, but to protect their own power. ' SUPPORT: YOU MAKE OUR WORK POSSIBLE
