Why Florida insurance premiums are rising
This week marked the end of hurricane season and six years without a direct hurricane hit for Florida. But many home insurance premiums in the state are still rising.
What gives? "Insurers know the cycle won't last and that the costs associated with a hurricane's long tail require building up the reserves to pay those damages," according to the Insurance Information Institute, an insurance industry research and trade group.
[Source: South Florida Sun-Sentinel]
In Case You Missed It
In addition to her day job overseeing the training of more than 200 employees and managing marketing and finances at Boca Tanning Opportunities, Jen Boronico is also a regional commentator for boxing and mixed martial arts on FightZone TV and manages and plays lead guitar for Pandia, a well-known cover rock band in south Florida.
"I try to strike a balance between work and fun and live a life that is as stress-free as possible in this day and age," she says. "If you have a creative outlet you enjoy and you can make money at that, it's a beautiful thing."
» Guitar Hero
Jorge Perez gives $35 million naming donation to Miami Art Museum
Joining the ranks of major givers in Miami, developer Jorge Pérez has pledged to donate $35 million in cash and art from his personal collection to the new Miami Art Museum, which will bear his name when it opens in two years.
The donation includes $5 million that Pérez has already pledged and partially paid; an additional $15 million for the capital campaign and $15 million worth of Latin American art to be chosen by the museum.
[Source: Miami Herald]
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Stetson University offers free ride to two homeless Florida students
Two homeless Seminole County children who captured the hearts of TV viewers nationwide with their optimism and sincerity are receiving an all-expenses-paid trip — to college.
Stetson University, a nationally ranked private school in DeLand, announced Thursday that it's offering full rides to the Metzger kids, who were featured in Sunday's "60 Minutes" show about families living out of their vehicles. Read more from the Orlando Sentinel and see our previous coverage for the backstory.
» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:
- A new look at Florida's regulations: Ken Lawson, secretary of the Dept. of Business and Professional Regulation, promises a kinder, gentler way of regulating business.
- Getaways: It's not quite over the river and through the snow now that grandma has a condo on the beach, but Florida has its own Christmas joys.
- Last resort: Small business owners and low-income workers turn to a North Florida non-profit for help recovering money lost after the BP oil spill.
- Miami's booming : Billions of dollars from foreign investors may propel Miami into the ranks of the world's elite cities.
- Business profile: Miami-based Net Element is hoping to be able to stream live 3-D broadcasts of auto races on its Motorsport.com website next year.
» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.
Families pine for multiple trees this holiday season
How many Christmas trees are in your winter wonderland this year? If there's more than one, you're not alone.
Tree sellers — of both the real and artificial variety — say some people are now opting to display multiple Christmas trees in their homes, turning the traditional holiday icon into more than just a decorative object under which to place the gifts.
"The two-plus-tree household is evidence that the family Christmas tree has evolved into a design feature, both indoor and out, rather than the main traditional decoration during the holiday season," said Jami Warner, executive director of the American Christmas Tree Association, which promotes use of artificial trees.
The association is using the tag line "Bet you can't just buy one." Read more from the Orlando Sentinel.
Florida Business News
- Unemployment falls to lowest rate in 5 years
U.S. employers continued to add jobs at a steady pace and the unemployment rate fell in November, a sign of stronger economic growth.
- Jobless benefits are about to expire for thousands of Floridians
More than 260,000 Floridians will lose long-term unemployment benefits in 2014 unless Congress extends them before year’s end.
Gulf gets more restoration projects from BP fund
Money for the 44 projects is coming from a $1 billion fund BP created in 2011.
Of the projects, 16 have been added in Florida since a preliminary announcement last spring.
Coming next week to FloridaTrend.com:
- Florida Trend at 55 - Florida Trend turned 55 this year. My, how things can change.
- Post-Panamaxed - The post-Panamax in Florida came one step closer to reality in October.
- Special Report: Hospitals - A movement to redesign hospitals is leading to better health outcomes.
Florida Trend Video Pick
Bright ideas for Florida: Which of these three ideas would help make Florida a better place to live?