Business briefs: Fla. Legislature passes flood insurance bill

May 2, 2014 

Florida's Legislature passes flood insurance bill

TALLAHASSEE -- Florida is trying to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge.

The Florida Senate voted Thursday 30-3 for the bill (SB 542) sponsored by state Sen. Jeff Brandes, a Republican from St. Petersburg. It now heads to the desk of Gov. Rick Scott.

The legislation is designed to make it easier for private companies to sell flood insurance.

Florida is home to 37 percent of the federal policies and state officials say congressional attempts to overhaul the troubled program burdened many Floridians with skyrocketing premiums. Congress just recently rolled back some of the increases it permitted in 2012. It's not clear, though, that many private insurers will want to assume the risks of flooding.

Revenues, earnings grow at National Retail Properties

ORLANDO -- National Retail Properties Inc.'s revenue and earnings grew in the second quarter, as the Orlando-based real estate investment trust acquired 47 properties.

Funds from operations, a key measure for REITs, increased to $61.6 million, or 51 cents a share, from $54.6 million, or 47 cents a share, the company reported Thursday.

The company, which owns free-standing retail stores, reported $104.1 million in revenue for the quarter that ended March 31, compared with $92.5 million a year ago. Earnings increased to $34.5 million, or 28 cents a share, from $29.3 million, or 25 cents a share.

The company said it made $94 million in property investments during the quarter, including the acquisition of 47 properties with 309,000 square feet of gross leasable space.

BizEdConnect seminar is focused on customers

MANATEE COUNTY -- How customers find your business is the focus of the May BizEdConnect.

Inbound marketing, is how customers find your business, is the focus of the next BizEdConnect. The Sarasota Manatee Business Coalition will hold the seminar at 5:30 p.m. May 15 at the Holiday Inn, Sarasota Bradenton Airport - Atrium, 8009 15th Street, Sarasota.

Gregg Anderson, consultant, entrepreneur and owner of Digital Image Business Solution, partners with clients to provide sales leads and measurable performance by connecting the dots between marketing, advertising and sales will be the featured speaker. He has more than 30 years of business turn-around and development experience.

The event eatures networking, entertainment and a copy of "Which Marketing Channel Gives You the Most Bang for Your Click," along with a case study of a local business. Admission is free to business owners and representatives; register online before May 14, http://bit.ly/1n6r2Rc.

Companies interested in sponsoring or exhibiting at the event should email info@smbusinesscoalition.com or call 941-757-1880.

-- Herald staff and wire reports

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