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As the current sales force ages and fewer young people enter the life insurance field, the number of families needing professional life services is increasing. This creates a perfect storm of opportunity for property & casualty agencies eager to cross-market.
High unemployment, rising costs for medical treatment, and dismal economic forecasts have employers and their advisors seeking ways to control health care benefit spending. The industry is responding with some innovative solutions.
Two years ago, in an article for Florida Underwriter, Scott Koedel expressed a dim view of the accuracy of many inspections in the windstorm mitigation credit program. Does his reinspection of the program lead him to a more favorable outlook?
The largest federally mandated change in the health insurance market since World War Two is coming at us fast. Virtually 100 percent of all insurance clients will be impacted in some manner by the PPACA legislation.
In the months leading up to Florida’s 2011 session, residential property insurance and motor vehicle insurance appeared poised to become significant legislative issues. Indeed, they garnered significant discussion. Their fates, however, were widely divergent.
While Florida agents and brokers have become adept at adjusting to the “new normal” of stagnant rates and reduced premiums afflicting the E&S commercial property market, there are reasons to believe change may be on the way.
Every summer, Florida’s insurance groups present opportunities for agents to earn CE credits, get current on technology, and network. To help you plan your schedules, here’s a preview of upcoming conventions.
Recent studies reveal that in 2010 PEOs had more than 949,000 worksite employees, 69,000 employers, and over $25 billion in payroll in Florida. By comparison, five years ago the data showed 700,000 worksite employees, 50,000 employers and payroll in excess of $17 billion. Growth, however, has not been without challenges.
Citizens Property Insurance Corp., the behemoth state-run property insurer, has a reputation that reaches far beyond Florida’s shores. Leaders from neighboring coastal states call it “Florida’s folly” to grow what is, essentially, socialized property insurance.
State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.