December 7, 2022

Thursday's Afternoon Update

What you need to know about Florida today

| 9/29/2022

All Florida policyholders will have to pay if insurers can’t cover Ian’s destruction

Florida’s property insurance market was already in peril. Now comes Hurricane Ian. The massive storm that barreled into southwest Florida delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which has strained under billion-dollar losses, insolvencies and skyrocketing premiums. The scale of the storm’s destruction will become more clear in the coming days but there is concern it could exacerbate existing problems and burden a state insurance program that has already seen a sharp increase in policies as homeowners struggle to find coverage in the private market. More from the AP and the South Florida Sun-Sentinel.

See also:
» Insurers temporarily blocked from dropping policies

Federal aid for Florida's Hurricane Ian recovery approved

President Joe Biden on Thursday declared a major disaster zone in Florida, paving the way for federal aid for the counties most affected by Hurricane Ian. Ian made landfall Thursday in Southwest Florida as a nearly Category 5 storm, bringing catastrophic damage to Fort Myers and surrounding areas. Biden's order makes federal funding available to individuals in Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Pinellas and Sarasota counties. More from the Tampa Bay Business Journal.

Hurricane Ian halts flights at JIA, bus service by JTA

As Hurricane Ian continues on its path towards Northeast Florida after making landfall Wednesday in Southwest Florida, travelers should expect disruptions and cancellations to their travel plans. As of this morning -- normally a busy time for the airport and Northeast Florida airspace -- the flight tracking website flightradar.com showed no flights over most of Northeast Florida and much of east Central Florida. The airport advises passengers to contact their airline for rebooking options. More from the Florida Times-Union.

‘Marsy's Law' case postponed to November

Pointing to Hurricane Ian, the Florida Supreme Court postponed arguments that had been planned next week in three cases, including a high-profile dispute about a 2018 constitutional amendment known as “Marsy’s Law.” Justices were scheduled to hear arguments in the cases Monday, but postponed them to Nov. 2 and Nov. 3. The voter-approved Marsy’s Law amendment included a series of protections for crime victims. More from the News Service of Florida.

Commercial real estate is booming in Tampa Bay. Here’s why

Danny Rice is a Market Leader for the real estate firm, Colliers. He oversees all of Central Florida which includes Orlando, Sarasota, Fort Myers, Tampa and Clearwater. His team focuses on all aspects of commercial real estate. Their clients range from corporations looking to lease office space, to developers searching for land to build student housing, to major retailers looking for warehouses to store their goods. In the past two years, Rice said he’s seen more growth in the Tampa Bay area than he had in all his 14 years working in the industry. More from the Tampa Bay Times.

Business Profile
Delray Beach’s iconic Doc’s All American will be back in business — along with a new three-story building

One of Delray Beach’s most iconic establishments will be back serving hamburgers and ice cream to downtown patrons after a lengthy hiatus. And the 71-year-old restaurant will be joined by a new three-story building. City commissioners approved a plan that will allow developers to construct a new building with office, retail and restaurant space adjacent to Doc’s along Atlantic Avenue by Swinton Avenue, replacing a Dunkin’ Donuts and two parking lots.

» More from the South Florida Sun-Sentinel.

 

Entertainment
Great Southern Music Hall revolutionized the concert experience in Gainesville

The arrival of the Great Southern Music Hall in 1974 meant that concerts, in Gainesville, need not be sweaty, quasi-tribal affairs with music lovers jammed knee-to-elbow into an outdoor space. For those who weren’t into the Woodstock aesthetic, attending a concert — even inside the boomy University of Florida Gym, which was not air-conditioned — could be a primitive and sometimes scary proposition.

» Read more from the Gainesville Sun.

Tags: Daily Pulse, Afternoon Pulse

In case you missed it:

Florida Trend Video Pick

In the parking lot of an abandoned grocery store, a food drive meets needs
In the parking lot of an abandoned grocery store, a food drive meets needs

Over the course of the morning, volunteers will hand out boxes full of produce and pantry items. More than 300 people will walk — or drive — away with cartons of eggs and gallons of milk, bread and pastries and cereal. They’ll leave with bags of bananas, and apples and meats that they’ll feed to their families.

Video Picks | Viewpoints@FloridaTrend

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