Friday's Afternoon Update
What You Need to Know About Florida Today
Why Florida insurance premiums are risingThis 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]
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]
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.
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Florida Business News
The Constitution Revision Commission received more than 2,000 ideas from the public for updating the state Constitution. Tuesday, it rejected nearly all of them.
The expansion will create 300 new jobs and invest $10.4 million in the local community.
In Florida, there are nearly 930,000 minority-owned businesses, which make up almost half of the state’s small businesses.
The JEA board of directors unanimously approved a major solar-power program that will invest millions expanding its use of solar panels.
Florida Trend Video Pick
The misuse of state airplanes was an issue in the 2010 Governor's Race and because of it, the next governor faces a quandary when it comes to traveling the state.
Which side of the NAFTA debate do you fall on?