Florida Underwriter December 2006
Features
editorial
Legacy, an over-used word that ought to be tossed out of the political lexicon, except in the case of a handful of presidents and maybe a few Supreme Court judges. Otherwise, the whole concept is
Features
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NCCI Finds Signs of Slowing Workers' Comp Drug Costs
The National Council on Compensation Insurance has released its latest workers' compensation prescription drug study that shows the increase in drug costs is accelerating at a slower rate than
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Election Aftermath
On the day after Election Day, President Bush was asked at a nationally televised news conference how he would work with incoming Speaker of the House Nancy Pelosi, a woman who called him
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FSLSO Asks, "How We Doing?"
This past June, as part of its strategic planning process, the Florida Surplus Lines Service Office (FSLSO) contracted with Beacon Research, Inc., of Tallahassee to conduct five online surveys with
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The Year in Quotes
In some ways, 2006 has been the best of times and the worse of times. Regulators, lawmakers, and the industry have breathed a collective sigh of relief after this year's hurricane season passed by
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Sinkholes: Have the Rates Finally Touched the Bottom?
When it comes to any legislative changes aimed at the insurance industry, promises are just promises until that day comes when the collective will of the legislature finally acts in a definitive way
People
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Everything Rosy with Senator Posey?
Tom Gallagher is gone, and Alex Sink - a relatively new face in Tallahassee - is in as CFO. However, there are still some "old pros" around in the legislature. Senator Bill Posey (R - Rockledge), is
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FAIA's Molnar Honored
FAIA's Executive Assistant/Meeting Planner Cindy Molnar has been presented the Tallahassee Society of Association Executives (TSAE) President's Service Award. Molnar handles all of the planning for
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Agent Faces Felony Charges
Bijan Razdar, of Port Richey, was arrested in October at his home in Pasco County. He is charged with knowingly transacting insurance and/or otherwise engaging in insurance activities without a
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Allstate Head Honored
Edward M. Liddy, chairman and chief executive officer of Allstate Insurance Company, was one of eight corporate leaders who received the 2006 CEO Diversity Leadership Award from Diversity Best
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FIC Chair Shuffles the Team
Florida Insurance Council Chair Tom Koval has announced a re-organization of the group's committee structure and named chairs and vice chairs. Koval said the changes were designed to help eliminate
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Willis to Lead Agent Services Group
The National Association of Professional Insurance Agents has announced that Larry Willis has been elected vice-chair of PIA Services, Inc., one of its for-profit subsidiaries dedicated to providing
Company Notes
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BB&T Acquires Wyman, Green & Blalock
Wyman, Green & Blalock Inc. insurance agency, a fixture in Bradenton for nearly 100 years, is being bought by BB&T Insurance Services, the nation's seventh largest insurance broker. Terms of the
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AvMed Expands Offerings to Lake County
AvMed is a Florida-only, not-for-profit health plan that offers a wide range of products that provide easy access to a large network of doctors, medical specialists, and hospitals. These include
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AIG Third Quarter Income Jumps
American International Group, Inc. (AIG) reported that its net income for the third quarter of 2006 was $4.22 billion or $1.61 per diluted share, compared to $1.75 billion or $0.66 per diluted share
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PIA Gets Attitude
Over the past nine months PIA has been blanketing industry publications and web sites with ads featuring its new tagline, Local Agents Serving Main Street America (SM). According to the national
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Balboa Insurance Group Pulls Out
Balboa Insurance and Meritplan Insurance, both owned by Balboa Insurance Group of Irvine, Calif., won't be renewing their books of business in Florida over the next year, according to company
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Bogus Postcards from Ohio
Ohio-based Investors Union, LLC and its managing member, Peter J. Bonnell III of Medina, Ohio, have been ordered to immediately stop sending misleading postcards to Florida seniors bearing the word
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Fraud Squad Catches Accident Stagers
Thirty-three individuals suspected of setting up or participating in more than a dozen staged accidents and fraudulently billing 11 auto insurance companies nearly $1 million for treat-ment of
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Free Home Inspections Offered
Free home inspections were scheduled to begin in Hillsborough, Manatee, Pinellas, and Sarasota counties for nearly 3,300 homeowners who applied through the My Safe Florida Home program. The program,
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Federal Waivers Granted to Some
The Center for Medicare & Medicaid Services has granted a three-year federal waiver to certain companies, allowing them to sell Medicare Part D, the Prescription Drug Plans in Florida. According to
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Quality Study Ranks Health Plans
U.S. News and World Report and the National Committee for Quality Assurance have published their annual ranking of America's best health plans. The research involved a study of 684 different plans in
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Fidelity Reorganizes
The Fidelity group of companies has completed its corporate reorganization as planned, leaving two companies where there had been three. Fidelity National Financial Inc., had been the majority owner
