The truth about home insurance prices: Most Florida homeowners still seeing hikes
Data released by the Florida Office of Insurance Regulation shows a majority of policyholders in the state are continuing to see costs rise for all-perils coverage of their single-family homes. In fact, among customers of the 90 residential property insurers regulated by the state, two-thirds were insured by companies that posted average premium increases between January and May, while only a third were insured by companies that posted decreases. More from the South Florida Sun-Sentinel.
Gas soars by double digits in Florida
Gas prices are on a yo-to string, dipping and rising from week to week. And now they are back up in Florida as the week begins. On Monday, Aug. 11, the cost of gas is up about 10 cents a gallon in Florida Several areas of Florida are still under $3 a gallon. North Florida remains the cheapest to get gas in the state. Naples and Palm Beach County are among the most expensive areas. More from the Miami Herald.
Central Florida schools open doors to students while fighting to recruit new ones, lure back former ones
A school’s first few days typically center on a nervous cohort of pupils dispersed through winding hallways — each eager for what the next 180 days hold. But for many Central Florida school districts facing declining enrollment, these days also represent the chance to pitch the virtues of public education to local families when an increasing number are choosing alternate paths. More from the Orlando Sentinel.
This Clearwater company aspires to be a multibillion-dollar crypto giant
A Clearwater company betting big on cryptocurrency scored another large deal with investors to buy more of the digital assets. Upexi Inc. struck an agreement with Alliance Global Partners for a $500 million equity line of credit to fund the expansion of its sizable portfolio of Solana, an increasingly popular alternative cryptocurrency. The value of Upexi’s Solana holdings has soared to more than $381 million since April, when it first raised money to kick-start its expansion into crypto. More from the Tampa Bay Business Journal.
How Boca Raton residents are rallying in bid to stop redevelopment plan
A group of residents opposed to Boca Raton’s redevelopment plans are eager to have a say over what’s ultimately built in the city. If they had it their way, they’d put the kibosh on a proposal for nearly 1,000 residences and much more near the city’s Brightline station. The group, called Save Boca, is casting fresh attention on a form of civil dissent where enough signatures are gathered with the goal of changing a city’s rules. Sometimes it can lead to changes that upend whatever their local governments were long planning. More from the South Florida Sun-Sentinel.
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Business Profile
Big chill energy: Naples-based duo creates new alternative to energy drinks
There's a new alternative to energy drinks on the market, and it's based in Southwest Florida. Say hello to IMBA: a cognitive soda made up of natural ingredients that provide sustained energy and mental clarity without the typical crash. IMBA is the brainchild of Naples local Stephen LaMelza, who runs the business with his wife Britt.
» More from the Naples Daily News.
Out of the Box
How some UCF graduates are turning plastic bags into organic fertilizer
A group of young Orlando inventors who began working in a garage to solve the world’s plastic problems have received a financial boost for their earth saving products. The National Science Foundation awarded a $1.2-million grant to the team at Wrigglebrew. The University of Central Florida graduates believe they have created a winning formula to turn plastics into fertilizer.
» Read more from Spectrum News.