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Slide Insurance acquires renewal rights for 86,000 Farmers policies

Slide Insurance acquires renewal rights for 86,000 Farmers policies

by Caden DeLisa | Oct 13, 2023

Slide Insurance is acquiring renewal rights for 86,000 homeowners insurance policies in Florida that were previously held by Farmers Insurance, which exited the Florida insurance market in July. This acquisition is limited to qualified homeowner policies and does not...
2024 national and Florida real estate outlook predicts turbulence, but no crash

2024 national and Florida real estate outlook predicts turbulence, but no crash

by Brian Burgess | Oct 12, 2023

Bank of America economists warn of potential turbulence in the national real estate market for 2024, driven by soaring mortgage interest rates, but not a housing crash. Similarities are drawn between current conditions and the inflationary early 1980s when high...
USDA forecasts 20.5 million boxes of Florida oranges for coming growing season

USDA forecasts 20.5 million boxes of Florida oranges for coming growing season

by Caden DeLisa | Oct 12, 2023

The U.S. Department of Agriculture (USDA) has forecasted an increase in citrus production for the 2023-24 season in Florida, following one of the worst yields in more than a century. The USDA estimates that Florida will produce 20.5 million boxes of oranges, 1.9...
Orange County grants special district status to Comcast-owned Universal Orlando

Orange County grants special district status to Comcast-owned Universal Orlando

by Caden DeLisa | Oct 12, 2023

The Orange County Board of Commissioners this week unanimously approved the creation of a special district called the Shingle Creek Transit and Utility Community Development District (SCTUCDD) for Universal Orlando’s new Epic Universe theme park. The district...
State of Florida, Palm Beach County each purchase $25 million in Israel bonds

State of Florida, Palm Beach County each purchase $25 million in Israel bonds

by Caden DeLisa | Oct 12, 2023

The State of Florida and Palm Beach County have separately announced plans to purchase $25 million in Israel bonds in response to Hamas attacks. Florida’s investment in Israel bonds will increase to $80 million, marking the largest amount held by the state at...
State lawmaker pursues tax-exempt status for spaceports to catalyze commercial space investment

State lawmaker pursues tax-exempt status for spaceports to catalyze commercial space investment

by Caden DeLisa | Oct 11, 2023

Rep. Tyler Sirois has filed a House Memorial to Congress, aiming to designate spaceports as private activity bonds financing-exempt facilities under the Internal Revenue Code. If accepted, this designation would grant tax-exempt status to spaceport projects, allowing...
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