Florida Underwriter June 2009
Cover Story
Florida Homeowners' Market Still Fragile
Two years ago Gov. Charlie Crist put a prayer inside a crack of the famed Western or Wailing Wall in Jerusalem asking that God spare Florida from hurricanes. A year ago, State Sen. Nan Rich
Features
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Premiums and Profits -- Perception v. Reality
Editor's Note: This is the first of a planned series of monthly columns by Lynne McChristian, the Florida representative for the Insurance Information Institute. For more than 40 years, the mission
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Cat Fund Remains Exposed
Despite recent attempts to stabilize its financial health, questions remain about the state's backup insurance fund's ability to pay off claims in the event of a major storm in the coming months.
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2009 -- A Courageous Session
The Florida Legislature took courageous votes during the 2009 session to raise Citizens Property Insurance Corp. rates to better position the government-run insurer to be able to pay its claims on
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Florida Insurance Legislation 2009
Long before March 3, when the Florida Legislature convened what would become its 67-day session, legislators who follow insurance issues knew they and their colleagues would face three challenges. In
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The Q&As of E&O
It is said that the teacher learns as much, if not more, than the student. As an instructor with the Florida Association of Insurance Agents, I am living proof of that axiom. One of the most valuable
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Health Insurers Win Some, Lose Some
Florida's health insurers blocked several mandated-coverage bills from becoming law in this year's legislative session. But the industry was defeated by the physician lobby on a bill that would
Company Notes
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Gabor Buys Continental
Ron Gabor, president of Gabor Insurance Services Inc. (GIS) of Miami, has announced the purchase of the assets of Continental Agency of Florida, Inc., of Boca Raton. GIS and its subsidiary, American
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Travelers Offers "Edge"
To help control the losses and to meet the specific insurance needs of mid-sized building services contractors across the country, Travelers has introduced IndustryEdge. In addition to offering the
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Distribution Deal
Patriot Underwriters, Inc., of Fort Lauderdale has partnered with ULLICO Casualty Co. to market and service alternative market and traditional workers' compensation insurance. Patriot Underwriters
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Pilot Program
Lexington Insurance Co., an AIU Holdings company, has introduced LexPILOT, an integrated all-risk coverage for property and marine cargo. LexPILOT, which stands for Property Income Loss Ocean
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Certification Awarded
Selective HR Solutions of Sarasota has completed the PEO Workers' Compensation Risk Management Certification Program. The Sarasota company was one of three PEOs -- and the only Florida-based firm -- to
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Moving West
North American Risk Services of Maitland has opened a new office in Las Vegas. Keith Anderson has been appointed to manage both the Las Vegas office and the Western Region. The company provides
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Got You Covered
The campgrounds program is targeted to campgrounds with amenities including river rafting, swimming, fishing, golfing, wall climbing, water parks, restaurants and horseback riding. The program offers
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Victory for LISA
The Life Insurance Settlement Association in Orlando has won its challenge of a proposed regulation. A Florida administrative judge has tossed out part of a proposed state insurance regulation that
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Consumer Recoveries
Florida CFO Alex Sink recently announced that assistance provided by insurance consumer specialists in the Department of Financial Services led to the recovery of more than $14 million for Floridians
Business Trends
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Building Agent-Carrier Relationships
Carriers and agents have faced challenges for decades, but current industry and economic factors are producing some unique circumstances. In the wake of financial meltdowns and unexpected company
National Notes
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Catastrophe Bond and Reinsurance Update
The catastrophe bond market is weathering the effects of the global financial downturn while maintaining a strong issuance pipeline for the remainder of 2009, according to a briefing report by Guy
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Greenberg Sells Out
Maurice "Hank" Greenberg has filed notice with the Securities and Exchange Commission of his intent to sell his nearly 12.9 million shares in American International Group, Inc. (AIG) to Starr
