Florida weighs private flood insurance options
With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say there are considerable barriers to creating a private market without granting insurers regulatory latitude to develop rates and policy forms. [Source: Insurance Journal]
IN CASE YOU MISSED IT
Next summer, some 30,000 stars, producers, directors and writers of Indian filmmaking, plus fans from around the world, will travel for the industry’s annual awards ceremony weekend — to Tampa, the first U.S. city to host the event and only the second in North America.
Commentary: A primer on Florida’s budget
Florida, like most states, is required to pass an annual balanced budget. That means we don’t spend more than we take in. While the governor puts forward a proposed budget prior to the legislative session, it is largely a reflection of his spending priorities and in no way is binding. [Source: Miami Herald]
Two new cruise ships could come to Port Canaveral
Port Canaveral is likely to become home to two new cruise ships, if port commissioners approve plans to build a new cruise terminal, port Chief Executive Officer John Walsh said Thursday. That, he added, could mean a half-billion-dollar annual boost to the local economy. [Source: Florida Today]
» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:
- Foreign frenzy for Florida residences: Interest from foreigners in Florida residences is spreading to properties throughout the state.
- Orlando City Soccer Club: Owners of Orlando City Soccer Club have moved closer to their goal of getting an $85-million stadium to attract major league soccer to the city.
- Aquaculture: Mullet Run: As mullet spawn in the southeast Gulf of Mexico each year from early November through January, the commercial fishing fleet that operates out of the village of Cortez harvests up to 400,000 pounds of mullet roe.
- International Business: United Arab Emirates: Although about 80% of its land is desert, the United Arab Emirates has emerged as an economic powerhouse in the Middle East.
» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.