Business
Why property insurance could keep rising in Florida

Illustration: Aïda Amer/Axios
June 1 is the start of hurricane season. It's also a deadline for Florida property insurance companies to get their reinsurance in place.
What's happening: Insurance companies buy their own insurance — reinsurance — to spread out risk and cover claims. Experts are expecting the price of it in Florida to jump 40 - 50% — or even 70%.
Egg prices in Miami are finally coming down

A person shops for eggs. Photo: Lance McMillan/Toronto Star via Getty Images
Thankfully for shoppers, the price is going down for at least one household staple: eggs.
Driving the news: Recent data from the U.S. Department of Agriculture shows a sharp drop in the wholesale prices retailers are paying for eggs.
Publix is by far Miami's most popular grocery store


Publix was the Miami area's most popular grocery chain last year with 44.6% of the market share.
- Walmart and Costco were the second- and third-most-popular grocers, with 17.7% and 8.6% of the local market share, respectively.
Ear wax: Miami shops celebrate Record Store Day

Martin's record collection. Photo: Martin Vassolo/Axios
Girl, put your records on and tell me your favorite song — Saturday is Record Store Day.
Why it matters: The annual celebration of independent record stores featuring local events and exclusive artist releases puts a spotlight on the recent surge in popularity for analog music.
Unemployment rate drops in Miami


The local unemployment rate fell by 1.2 percentage points in February to 2.2%, per new Labor Department data.
Why it matters: Looking at only the national unemployment rate can hide significant disparities between thriving and struggling cities.
Miami women get paid the least compared to other big metros

Illustration: Eniola Odetunde/Axios
The Miami area is the worst-paying large metro in the nation for women, according to a new study.
Driving the news: Financial website Smartest Dollar published an analysis last week of data from the U.S. Bureau of Economic Analysis and the Census Bureau to determine the country's best-paying locations for women.
Get to know the man behind Kaseya, the Miami Heat arena's new sponsor

Kaseya CEO Fred Voccola. Photo: Courtesy of Kaseya
You might have heard that the Heat arena has a new name, the Kaseya Center, after Miami-Dade County signed a 17-year, $117 million naming-rights deal with the Miami-based IT software company.
Background: Kaseya relocated its headquarters to Miami in 2018 and earlier this year pledged to create 3,400 jobs in Miami over the next three years in exchange for $4.6 million in county incentives.
Meet the new Miami-based Menudo boy band

Photo: Courtesy of Menudo.
There's a new incarnation of Menudo — the boy band that sold millions of records in the 1980s and launched Ricky Martin's career — in town.
What's happening: The newly-formed Menudo is based in Miami and will perform at a free Latin Music Showcase in Wynwood on Thursday.

Get a free daily digest of the most important news in your backyard with Axios Miami.