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After a spike in water damage claims, Citizens changes policy

Citizens Property Insurance has taken steps to reduce claims abuses through policy revisions limiting emergency repairs to $3,000 or 1 percent of coverage without prior approval, and barring permanent repairs in most cases until 72 hours after a loss has been reported to Citizens. Repair coverage is now limited to only the damaged part of a system.

Business

OPKO Health to buy Toronto biotech company

The Miami biopharmaceutical company is buying Transition Therapeutics. The all-stock transaction was valued at about $60 million, or $1.55 per Transition Therapeutics share. The acquisition will give OPKO access to two drugs in the later stages of development

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Mayor Gimenez speaks about Carnival Corp. and discriminatory Cuba cruise policy 3:35

Mayor Gimenez speaks about Carnival Corp. and discriminatory Cuba cruise policy

SeaWorld and Guy Harvey partner for exhibit for new Mako coaster 3:56

SeaWorld and Guy Harvey partner for exhibit for new Mako coaster

Carnival Corp. announces Cuban-born people will be allowed on cruises to Cuba 1:42

Carnival Corp. announces Cuban-born people will be allowed on cruises to Cuba

Virgin Cruises announces a trio of ships, the first will be based in Miami 1:35

Virgin Cruises announces a trio of ships, the first will be based in Miami

Woman runs over boyfriend after learning he has HIV (Graphic Content) 1:16

Woman runs over boyfriend after learning he has HIV (Graphic Content)

Class action lawsuit filed against Carnival Corp. over Cuba's discriminatory cruise policy 1:56

Class action lawsuit filed against Carnival Corp. over Cuba's discriminatory cruise policy

Video: Seminole Tribe announces $1.8 billion expansion plan 1:38

Video: Seminole Tribe announces $1.8 billion expansion plan

Video: Stranded Miami visitors await at Miami International Airport for blizzard-canceled flights to resume 0:51

Video: Stranded Miami visitors await at Miami International Airport for blizzard-canceled flights to resume

Juno: Piercing Jupiter’s clouds 3:52

Juno: Piercing Jupiter’s clouds

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Royal Caribbean unveils new terminal at PortMiami

Royal Caribbean Cruises and Miami-Dade County have reached an agreement to build one of the country’s largest cruise terminals at PortMiami and bring the cruise line’s gigantic ships to Miami.
Royal Caribbean Cruises
Royal Caribbean unveils new terminal at PortMiami 2:00

Royal Caribbean unveils new terminal at PortMiami

A look at the new Panama Canal lock system 11:02

A look at the new Panama Canal lock system

Brickell City Centre nears completion 2:25

Brickell City Centre nears completion

Meet the Bugatti Chiron, that is if you have $2.5 million to spare 1:12

Meet the Bugatti Chiron, that is if you have $2.5 million to spare