Insights for the Insurance Professional
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The repressed economy, record unemployment, and a polarizing health-care debate have pushed workers' compensation insurance off the radar screen in Florida -- perhaps too soon.
We had sinkhole damage and, thankfully, had the proper insurance to cover the repairs. So, now I'm thinking of dropping optional sinkhole coverage since the damage has been done and it's unlikely to reoccur.
Florida's largest property insurer is showing little signs of getting smaller anytime soon.
Webster's Dictionary defines a demagogue as "a leader who makes use of popular prejudices and false claims and promises in order to gain power."
If you need the expertise of a key figure in the history of the Florida insurance industry, look up Bill Gunter.
The manmade and natural disasters of the past several years have brought new meaning to the catch phrase "safety net."
Florida independent agents and brokers contemplating mergers or acquisitions are at a crossroads -- a seminal moment in time that brings an end for some and a profound new beginning for others.
At a September meeting with the Florida Cabinet, Insurance Commissioner Kevin McCarty said what the insurance industry has been saying for some time -- homeowners' insurers doing business in Florida are losing money.
The Tampa Bay Association of Health Underwriters (TBAHU) has announced its 2009-2010 board of directors.
Lori Daugherty has been appointed president of the pharmacy division of PMSI in Tampa.
Catherine Shertenlieb, CIC, has joined the marketing team at McAuley Woods & Associates in West Palm Beach.
Unisource Program Administrators (UPA), a workers' compensation wholesaler with a processing office in Sarasota, has expanded services nationwide with A-rated carriers and licensure in all 50 states.
The surplus lines industry wrote just over $37 billion in property and casualty premium nationwide in 2008.
Despite the dismal nationwide economic trends, Florida's surplus lines insurance market still managed to show some signs of strength this year.
The mission of the Federal Motor Carrier Safety Administration (FMCSA) is to reduce large truck and bus crashes, fatalities, and injuries nationwide.
In a perfect world, a retail agent would be able to place all of his business in the admitted marketplace.
The recent signing of HB 853 by Gov. Charlie Crist has had an interesting effect on the adjustment of losses for the E&S market.
The Florida Surplus Lines Association (FSLA) returned to one of its favorite locations for its 2009 convention -- the Boca Raton Resort & Club in Boca Raton.
When the Essex v. Zota decision was rendered in June 2008, the surplus lines industry was shaken to its very foundation by its implications.
Sarasota-based FCCI Insurance Group has been named to the 2009 AARP Best Employer for Workers Over 50 list.
Ascendant Commercial Insurance Inc., of Miami, is assuming some 15,000 policyholders from First Commercial Insurance Co. (FCIC) and First Commercial Transportation and Property Insurance Co. (FCTPIC).
In Florida, an average of 3.7 million people lacked health coverage over the last three years, as poverty increased in the state and median income fell, according to recently released U.S. Census Bureau survey data.
Insurance Commissioner McCarty issued an Immediate Final Order to Peck & Peck, Green Cross Managed Health, and Depawix Health Resources to immediately cease and desist transacting the unauthorized marketing and selling of health insurance.
A recently released analysis by the Florida Division of Insurance Fraud that details the impact of insurance fraud in the state and globally said that "the increase in insurance fraud is indisputable."
Insurance sales agent jobs are projected to increase nationally by 13 percent (436,000 to 492,000) between 2006 and 2016, according to the 2008-09 edition of the Occupational Outlook Handbook, U.S. Department of Labor.
A lot has been written about reinsurance recently in the wake of several natural catastrophes. Here's a look at five ways reinsurance is funded.
A tractor trailer full of beer drove itself down Colorado's I-25 last week with nobody behind the wheel.