Florida Underwriter August 2008
Cover Story
Staying Connected Can Be Hazardous
As the divide between the workplace and the home continues to shrink, business people rely more and more on electronics to stay connected to their offices, wherever they happen to be.
Features
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Editorial
When the time comes to write this monthly message, the selfish wish for some over-arching crisis or event is strong. However, for good or for bad, the only thing "hot" right now is the weather.
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A.M. Best Reports Dismal P&C First Quarter Numbers
A.M. Best reported dismal news for the nation's P&C industry's first-quarter results. The rating organization's recent study showed that net profit nose-dived a stunning 45 percent, to $9.3 billion,
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Cat Fund Gets a $4 Billion Promise of Help
Fearful that a giant storm or a series of hurricanes could cripple the Florida Hurricane Catastrophe Fund (Cat Fund) this year and lead to huge assessments, the trustees of the fund in July made an
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Peace of Mind for Agents and Brokers
In today's litigious environment, if you're an agent and the insurer you represent becomes insolvent, you could be subject to lawsuits from policyholders -- your clients -- claiming you placed their
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Cat Fund and Citizens Face the 2008 Hurricane Season
Floridians will face significant insurance surcharges some day to help generate funds needed by the Florida Hurricane Catastrophe Fund (Cat Fund), Citizens Property Insurance Corporation, and private
People
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FAIFA Elects New Officers, Directors
Thomas M. Cothron of Ocala was sworn in as president of the Florida Association of Insurance and Financial Advisors (FAIFA) at the group's 76th Annual Career Advancement Conference & Expo in July in
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Cunningham Joins Beacon-National
John B. Cunningham has joined Beacon-National Insurance Associates, Inc., of Sarasota as vice president and a member of the Board of Directors. Beacon-National is the MGA for an aviation workers'
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IT Expert Joins Risk Transfer
Garrett Grainger has joined Risk Transfer Holdings as chief information officer. Grainger will be responsible for implementation of the company's "IT Innovation Strategic Plan," which includes
Company Notes
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AmeriChoice Expands Florida Healthy Kids Program
AmeriChoice, a UnitedHealth Group company, has been awarded a geographic expansion of its service area for the Florida Healthy Kids program. With the new approval, garnered in a competitive bidding
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CIGNA Increases Network
CIGNA HealthCare has increased the number of urgent-care centers available to its Florida members by more than 46 percent from last year. The recent addition of 49 locations in select Florida cities
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FAIFA Likes New Annuity Bill
Gov. Charlie Crist has signed legislation (SB 2082) containing new regulations on the sale of annuities. The bill addresses the fraudulent acts of inducing consumers to cash in funds from a current
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CITON Launches Hurricane/Wind Deductible Elimination Product in Florida
An Indianapolis agency is trying to solve one of Florida's insurance problems - the large deductible required in homeowners' and commercial property coverages. CITON Agency's ZERO SELECT Wind
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Good News From the DWC
The Florida Division of Workers' Compensation has published the assessment rates for the Workers' Compensation Administration Trust Fund (WCATF) and Special Disability Trust Fund (SDTF). The
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Westrope Opens Brandon Subsidiary
Westrope, which lays claim to the title of the seventh largest wholesale insurance broker in the U. S., has opened a subsidiary in Brandon. Westrope Insurance Managers of Florida is a multi-line
Market Watch
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Gas Prices and Auto Premiums
According to the American Automobile Association, the average national price of unleaded regular gasoline on June 9, 2008 was $4.023 per gallon. On June 9, 2007, the price was $3.091 per gallon.
Business Trends
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Succeeding in a Trying Economy
I just finished reading yet another article on the state of the economy, or as someone recently joked, "the cnmy, since right now we can't even afford to buy a vowel."
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