December 7, 2022

Friday's Afternoon Update

What you need to know about Florida today

| 9/30/2022

Gas tax holiday headlines Florida laws kicking in Saturday

Prices at the pump for Florida motorists should go down Saturday as part of a temporary gas-tax break, as 27 new laws kick in this weekend. The new laws include measures aimed at preventing protests outside people’s homes and cracking down on “street takeovers” where vehicles do stunts such as “wheelies” and “doughnuts.” Under the tax measure, criticized by some Democrats as an election-year stunt by Gov. Ron DeSantis and Republican lawmakers, motorists will avoid paying the state’s 25.3-cents-a-gallon gas tax in October. More from the News Service of Florida.

Estimates of Ian’s insured losses range widely from $30 billion to $50 billion. But the actual counting has just begun.

First come search and rescue efforts. Then crews clear the roads. Afterward, homeowners are allowed to return to their neighborhoods and begin to assess damages to their properties. Then they call their insurers. Property and casualty insurers operating in Florida say they are just beginning the massive effort of assessing damage left by Ian’s assault through southwestern and Central Florida on Wednesday and Thursday. Accurate damage estimates might not be available for days, after teams of adjusters fan out and assign dollar amounts to the wreckage they inspect. More from the South Florida Sun-Sentinel.

Publix donates $1 million to Hurricane Ian recovery, starts donation initiative at stores

You’ll soon be able to chip in with Hurricane Ian recovery efforts the next time you go grocery shopping. Publix on Thursday announced a companywide donation campaign to collect money at its stores for the American Red Cross response to Hurricane Ian. Starting Friday, employees and customers can donate to the American Red Cross at Publix during checkout. Publix has stores in Florida, Georgia, Alabama, Tennessee, Virginia, North and South Carolina. More from the Miami Herald.

U-Haul offers free storage to those impacted by storm

As residents and businesses come to grips with the damage that occurred from Hurricane Ian, Arizona-based U-Haul is providing free access to self-storage and U-Box containers for 30 days after being impacted by the storm, which made landfall Wednesday afternoon. The offering is available across 43 Florida locations including in Clearwater, St. Petersburg, Tampa and Fort Myers. More from the Business Observer.

Florida’s home insurance market was a mess before Ian. It’s about to get worse

Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little to do with Florida as possible, as least when it comes to insuring homes. That has left the market in the hands of small, in-state insurers with limited resources. More from CNN.

Business BeatBusiness Beat - Week of September 30th

Get top news-to-know with Florida Trend's headline-focused video news brief, hosted by digital content specialist Aimée Alexander.

 

Sports Business
Fidelity’s Foley nears deal to buy Premier League soccer team

Fidelity National Financial Inc. Chairman Bill Foley earned a reputation as a deal-maker over four decades running the Jacksonville-based title insurance company, buying and selling numerous nontitle businesses. In the last few years, Foley has turned his deal-making attention to sports and after getting a National Hockey League expansion franchise six years ago, he appears close to buying an English Premier League soccer team.

» Read more from the Jacksonville Daily Record.

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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