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Wednesday's Afternoon Update
What you need to know about Florida today
Insurance abuse could be putting Florida mortgages at risk
An insurance-rating company has warned that recent court rulings and skyrocketing losses from water-damage claims have created an “uncertain operating environment” for Florida’s property insurers and that it will downgrade the financial stability of 10 to 15 Florida-based companies. More from the Miami Herald.
Aerospace manufacturing company, 170 highly skilled jobs, coming to Bay County
The St. Joe Company and the Bay Economic Development Alliance announced GKN Aerospace will expand its operations by locating a new manufacturing facility in Venture Crossings Enterprise Centre in Bay County, Florida. With this new facility, GKN Aerospace plans to make a capital investment of approximately $50 million and create 170 new jobs for highly skilled employees. Full story here.
Sunrise stent company to be acquired by Japanese company
A Japanese company has received Federal Trade Commission clearance to acquire Bolton Medical, a Sunrise manufacturer of stents and other medical devices. More from the South Florida Sun-Sentinel.
Jacksonville-based CSX calls shareholder vote on hedge fund demands
Jacksonville-based CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific’s turnaround at the U.S. railroad. More from the Florida Times-Union.
Senate president remains mum on fracking ban
Republican Senator Anitere Flores of Miami, the second highest-ranking member, is co-sponsoring a fracking ban but Senate President Joe Negron is declining to endorse it. Full story from WFSU, here.
Around the State
New cancer-fighting assets for Moffitt
In November, Moffitt Cancer Center leaders unveiled plans for a 10-year, $800-million expansion that includes a new hospital wing, clinical support building and additional outpatient and research facilities. Leaders hope to raise $500 million and finance the rest with a bond backed by cigarette tax revenue.
Profile
Biz Women Rock
There are a number of ways to start and strategically use a podcast, says Katie Krimitsos, host of the Biz Women Rock podcast. Krimitsos sought to leverage the relationships she had built through Tampa Bay Business Owners, a networking and industry organization. In the last few years her podcast has been downloaded 250,000 times and listened to in 112 countries.
» Read more from the Business Observer.
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