Falling prices and back-to-school supplies, declining home insurance, and Miami-Dade’s flood forecast

Inflation is disrupting the back-to-school season this year

Students in South Florida will return to classes in a few weeks. This means that parents are preparing their children for the new year while teachers are preparing to welcome them.

These preparations include the purchase of various items such as bags, notebooks, and writing utensils. Inflation has also affected the prices of such things as gas and food, forcing many parents to make a difficult decision: whether to buy gas for their car or buy school supplies for their children.

Meanwhile, public schools are preparing for the challenge of affordable and affordable food.

Back-to-school shopping is the second biggest season of the year, according to Deloitte. (The first is the holiday shopping season.) Research by Deloitte shows that parents will spend an average of more than $650 per student. That’s an 8% increase from last year.

Katherine Kokal is an education reporter for the Palm Beach Post. He talks about how the Palm Beach County Public School District is adjusting to inflation. Kokal said the district should plan in advance to buy food and fuel for buses.

“Students will see fewer choices in the cafeteria this year. Things like chicken prices are really driving that,” Kokal said. “The district spends $11.1 million a year to buy more gas from a gas distribution company located in Fort Lauderdale.”

Kokal added that last year the district paid $11 million, which means it will have to pay about $100,000 again this year to repair 850 school buses.

James Knapp is the Director of Advancement for the Broward Education Foundation, a non-profit organization that provides additional support and resources to students and teachers. Knapp said people can use local school drives instead of buying from retailers, but the need for donations is higher than in recent years.

“Through the Foundation at the school store, at School Supply Centerit already has empty shelves and we need more products,” said Knapp.

Knapp said it’s not just teachers and parents whose children attend Title I schools who aren’t ready for classes to start. People from all parts of the province have been trying to get help.

There are many donation center around Broward County where people can donate items such as notebooks, pink erasers, paper, sticks, crayons, bags, and more. People can also donate money for bulk purchases.

Home insurance companies will receive discounts

More than a dozen Florida insurance companies have received notices that they are at risk of being downgraded, according to the Florida Office of Insurance Regulation. The drop was supposed to take place on Tuesday, but the regulator, Demotech, announced that the drop would be delayed.

Neither Demotech nor the government has disclosed which companies may be subject to reductions, so many homeowners do not know the status of their home insurance. These low ratings come in the midst of what appears to be a quiet storm season, but August through October has seen a flurry of storms.

Mark Friedlander is the Florida representative for the Insurance Information Institute. He said if people have federal mortgage debt and their home insurance company goes under, they should get new insurance.

“Your mortgage agreement clearly states that you must have insurance with a company that owns A. However, the Florida regulator stepped in this week and announced a temporary insurance plan where Citizens [Property Insurance Corporation] – a government-run insurance company in the last resort – will be working under the guise of insurance to meet the requirements of government-backed mortgages,” Friedlander said.

The caveat to this change is that it could cost every Florida consumer a future insurance premium. Friedlander said Citizens has the highest home insurance premiums in the state, which is a challenge for the last insurer.

Hurricane and flood forecast for Miami-Dade County

This year’s hurricane season did not bring any major storms to South Florida. However, many Miami business owners have already seen flooding outside their doors after heavy rains in early June.

As sea levels rise, concerns about storm surges and flooding increase, especially in rural areas of Miami-Dade County. In addition, the construction of more houses and apartments is not slowing down because more people are moving to the area.

WLRN Environmental Reporter Jenny Staletovich talked about what it would look like if Miami was hit by Hurricane Irma today and in the coming decades. You can read his full report Here.