Florida condos see drastic will increase in property insurance coverage charges
Condo associations in Florida are experiencing drastic will increase of their property insurance coverage charges, and plenty of are attempting their finest to handle. In Daytona Beach Shores, residents say many homeowners of Grand Coquina are on a hard and fast earnings, so the leap in month-to-month funds is inflicting a giant dent in folks’s pockets. It’s many individuals’s dream to reside on the seaside, and whereas some have this dream as a actuality, others have come to appreciate it won’t be a sustainable way of life. “I could not reside if it wasn’t paid off,” mentioned Jill Richards, a Grand Coquina Condominium resident. “You know, a whole lot of millionaires reside right here, however not everyone is.” More from WESH.
Ken Griffin sees Miami presumably changing NYC as finance capital
Citadel founder Ken Griffin says his new home of Miami might ultimately unseat New York because the world’s monetary heart. “We’ll see how big Wall Street South becomes,” Griffin mentioned in an interview Tuesday with Bloomberg News on the Citadel Securities Global Macro Conference in Miami. “We’re on Brickell Bay, and maybe in 50 years it will be Brickell Bay North how we refer to New York in finance.” More from Bloomberg.
Chewy cuts 200 workers, report says
Online pet provide firm Chewy plans to put off roughly 200 workers, the Florida-based firm confirmed to TechCrunch, as lingering recession fears immediate giant corporations to chop prices. Chewy’s layoffs have an effect on greater than 200 workers at its Plantation, Florida, headquarters, in addition to different location throughout the U.S., TechCrunch reported, although the job cuts are estimated to have an effect on only one% of the PetSmart-owned firm’s greater than 19,000 workers, based on PitchBook. More from Forbes.
Positive Healthcare is leaving Florida, inflicting an insurance coverage scramble for HIV/AIDs sufferers
PHP is a Medicare Advantage well being plan that additionally consists of prescription drug protection for individuals who have HIV or AIDS. The plan is backed by the AIDS Healthcare Foundation and members get all the common Medicare advantages and access to specialists at no further cost. Their prescribed drugs, particularly HIV medicines, are additionally coated at a low cost. The insurer will proceed to be function in California, however a Positive Healthcare govt says Florida has develop into too pricey to proceed to supply its plan after modifications to Medicare reimbursement. More from the South Florida Sun Sentinel.
St. Pete green-focused financial institution wins main certification, provides execs
St. Pete-based Climate First Bank, the world’s first FDIC-insured neighborhood financial institution based to fight the local weather disaster, received a LEED platinum certification — the best LEED ranking — for its Winter Park department, it introduced in a information launch Tuesday. The certification, given by the U.S. Green Building Council, stands for Leadership in Energy and Environmental Design. LEED certifications are given to buildings which might be designed to curb power and water utilization. Climate First Bank additionally says it has expanded its govt group. More from the Business Observer.
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