Florida Underwriter April 2007
Features
From the Editor
Fresh off the January special session where lawmakers largely acted unilaterally in dictating a new set of rules that homeowners' insurers must follow, the expectation -- or at least the hope -- is
Features
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Are Agents Getting Their Fair Share?
In January, the Florida Association of Insurance Agents (FAIA) compiled a list of the state's admitted personal lines carriers and their commission percentages. The commissions ranged from a low of
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We Are Long Past 1984
The Agents Council for Technology, a part of the Independent Insurance Agents & Brokers of America (IIABA), has issued a report identifying significant technology and consumer trends and how they
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PIP Battle Returns to Center Stage
Forget that one in six Floridians is without health insurance. The Florida Hospital Association's number one legislative priority this spring is auto insurance. Florida's no-fault system of insuring
People
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Milligan Appointed State Consumer Advocate
Chief Financial Officer Alex Sink has appointed former state Comptroller Bob Milligan as the state's Insurance Consumer Advocate and announced a new initiative to grant Milligan more tools to respond
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Agents Caught in Fraud Scheme
One insurance agent has been barred from working in Florida's insurance industry and his son, also an agent, has been ordered to pay restitution for duping an elderly client into annuity deals that
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Two Arrested in Fake Mortgage Ring
The arrests stem from an investigation involving the Department of Financial Services, Division of Insurance Fraud, and the Office of Financial Regulation. It focused on real estate transactions on
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Man Faces Fraud Charges
Carl Hickey of Weston in Broward County has been arrested on a charge of filing false and fraudulent insurance claims in connection with two fires at his mobile home. Hickey allegedly used old photos
Company Notes
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Beacon-National Partners with FCCI
Beacon-National Insurance Associates, a licensed managing general agency headquartered in Sarasota, has launched a workers' compensation insurance program for aviation risks. "We will provide terms
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Viatical Company Shut Down
Mutual Benefits Corp., once the largest viatical settlement company in the country, has pled guilty in Broward County Circuit Court to criminal charges of racketeering and numerous counts of
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Mitigation Committee Submits Report
The Windstorm Mitigation Study Committee has published its final report analyzing mitigation efforts in Florida, including the My Safe Florida Home program, and detailing recommendations for future
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Rewards for Living Longer
AARP Financial, a subsidiary of AARP Services, Inc., and New York Life Insurance Company has introduced the AARP Lifetime Income Program for AARP members, designed to generate a more secure stream of
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Progressive Brings New Product to Market
Progressive Casualty Insurance Company has added a new coverage to its American Bankers Association (ABA)-sponsored Financial Institution Program. The coverage, Privacy Liability and Mitigation
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The Umbrella Is Back
In addition, the company has closed its previously announced agreement to reacquire the familiar red umbrella trademark from Citigroup Inc. Travelers will immediately begin to phase in the red
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One More Reason to Stay Home
Florida Insurance Commissioner Kevin McCarty has submitted a report to legislative leaders detailing how life and health insurers are complying - or not - with a law regarding use of lawful past
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DFS Offers Online Services
The Department of Financial Services will no longer mail the 90-day continuing education reminder letters to agents. Instead, in an effort to keep agents up to date, the Department has initiated an
Business Trends
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Preparation Is the Name of the Game
Thinking of hanging it up? Is your company a candidate for a purchase offer or takeover? Some pre-game warm-up strategies can help establish a home-field advantage on what is often bumpy terrain.
