March 28, 2024

Monday's Daily Pulse

What you need to know about Florida today

| 8/10/2020

› How This Conservative Florida County Became A Surprise 2020 Battleground
Duval County, a traditionally conservative area in Florida's northeast corner along the Atlantic Ocean, hasn't voted for a Democratic president since Jimmy Carter in 1976. But in recent presidential elections, it's begun tilting more toward the Democratic Party. In 2016, Trump won Duval County by 1.5 percentage points — one of his slimmest margins in the state.

› To save the Apalachicola oyster fishery, shut it down
Florida homeowners are in the cross-hairs of private insurance companies as many are raising property insurance premiums to offset record losses. Some homeowners are feeling sticker shock. “I don’t think we have a choice because we need the insurance,” says Heidi Epstein, who owns half a duplex in Jupiter. The Florida Department of Insurance allowed some companies to raise premiums from 12-40% but Epstein’s rates may double. Her insurer will soon stop doing business in Florida

› Walt Disney World slashes park hours for fall
Walt Disney World will cut its theme-park operating hours this fall, with Epcot closing two hours earlier than normal despite hosting the Taste of Epcot Food & Wine Festival. This week, Disney announced the coronavirus shutdown had cost the company $2 billion. The theme-park giant generally reduces its operating hours as tourism slows after the busier summer months, but this year has been far from the normal pattern.

› Miami-based Intercredit Bank sold to Ecuadorean businessman for undisclosed price
Intercredit Bank, the Miami-based commercial and consumer financial institution founded in 1992, has been sold to Dr. Fidel Egas, an Ecuadorean businessman and banker. The sale closed on June 16. The sales price was not disclosed. Intercredit Bank employs 76 workers across its four branch locations around Miami-Dade. Its assets have an estimated worth of $373 million.

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Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

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