Geico Grand Prix racing boat catches on fire

LIDO BEACH, Fla. - The official racing boat for Geico caught fire off the coast of Lido Beach, confirmed Sarasota Fire Rescue Captain Susan Pearson.

The boat was gearing up for the 2012 Suncoast Super Boat Grand Prix  taking place tomorrow.

All passengers on board were rescued from the water by race officials.

Pearson reported no one was injured during the fire.

The cause of the fire is unknown at this time.

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