Southeast News

St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium

ST. PETERSBURG, Fla. (AP) — The future of the Tampa Bay Rays is about to come into clearer focus as local officials begin public discussions over a planned $1.3 billion ballpark that would be the anchor of a much larger …

Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties

High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported that the …

Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Freddie to …

McMaster Requests Federal Help After Wind, Hail Storm That Damaged SC Homes

South Carolina Gov. Henry McMaster has requested a presidential disaster declaration to assist in recovery after wind and hail damaged homes the northern part of the state on April 20. “I have determined that the situation and survivor recovery needs …

Georgia AG Says Savannah Overstepped on Ordinance Banning Guns in Unlocked Cars

SAVANNAH, Ga. (AP) — Georgia’s attorney general says city officials in Savannah overstepped their authority by making it illegal to leave firearms in unlocked cars. Savannah’s mayor and city council in April enacted the new city ordinance aimed at making …

Georgia Regulations Would Cut Agents’ Licensing Course Load from 20 Hours to 8

The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed changes to all Regulation Chapters … is to modernize …

Georgia Governor Signs Bill Regulating Kratom, a Supplement Blamed for Deaths

ATLANTA (AP) — Georgia’s governor on Thursday signed a bill putting new regulations on the production and sale of products containing kratom, a plant-based supplement. The law, which takes effect Jan. 1, prohibits the sale of kratom to anyone under …

Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit

Lenders to 777 Partners have accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Josh Wander, co-founder of 777 Partners, …

Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes

An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. A Fannie Mae spokesperson said the government-backed mortgage corporation, which supports …

Georgia Governor Signs First Responders’ PTSD Benefits Bill Into Law

Starting in January, Georgia’s first responders will be eligible for limited, supplemental benefits to help cover treatment for post-traumatic stress disorder, after Gov. Brian Kemp signed House Bill 451 into law. The law requires municipalities and other jurisdictions to provide …

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