Florida Underwriter September 2009
Cover Story
Recognizing -- and Writing -- Liability Risks
Despite the headlines, the Florida insurance market is not just about property.
Features
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Mitigation Discounts -- Are They "On the Money"?
One person's inducement is another's incentive. Terminology aside, the motivation behind the rush of home mitigation inspections is twofold: To assess a home's vulnerability to hurricane damage, and to earn insurance discounts.
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Outlook Improves for State Reinsurer
Florida's beleaguered reinsurance program is showing signs of improvement, but the fortunes of the Florida Hurricane Catastrophe Fund (Cat Fund) this year may still depend more on the weather than anything manmade.
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Looking to Buy or Sell?
Whether considering the acquisition of a Florida insurance agency or the merger of two Florida insurance agencies, fundamental principles of risk management must be incorporated.
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Reading, Writing, and Insurance
It is back-to-school time, and that means millions of students heading off to college.
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Home Safety in a FLASH
Floridians well know the destruction that hurricanes can cause.
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Ensuring the Accuracy of Windstorm Mitigation Credits
Over the past several years, much has been done to promote awareness of windstorm mitigation discounts among residential H06 and H03 policyholders in Florida.
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A New Workers' Compensation Hybrid
Befitting its financial impact on a company's bottom line, large corporations have long had options as to how they secure their required workers' compensation coverage.
From the Editor
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What I Did on My Summer Vacation
I spend a good part of the summer going to various industry conventions, seminars, and conferences.
People
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NAIFA-Florida Installs New Leaders
The National Association of Insurance and Financial Advisors-Florida has elected and installed its leaders for 2009-2010.
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Olwert Named President
Risk Services Cos. of Sarasota has appointed Andrew W. Olwert to the positions of COO of Risk Services and president of PBOA, Inc.
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Borngesser Joins AGIS
Anne Borngesser has joined the Jacksonville office of AGIS, a full-service insurance agency.
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AvMed Hires Fischer
Greg Fischer has been named senior vice president of sales and marketing at AvMed Health Plans.
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Bridges Leads LIG Texas Office
Tommy Bridges has joined LIG Marine Managers as CEO of LIG Program Managers.
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Korte Moves to RSight
Jeff Korte, a former Major with the Florida Division of Insurance Fraud, has been named director of the special investigative unit for RSight Investigations, a Litigation Solutions, LLC company.
Company Notes
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Cat Fund Annual Report Shows Downsizing
The Florida Hurricane Catastrophe Fund (Cat Fund) has issued its report detailing coverages selected by insurers for 2009-2010.
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RSight Under New Ownership
RSight, Inc., of Longwood has been acquired by Litigation Solutions, LLC, of Pennsylvania.
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Whistle While We Work
The new workers' compensation whistle-blower web site, which allows citizens to submit referrals of alleged violations of workers' compensation rules, has produced hundreds of new complaints and over $500,000 in penalties since its launch in June.
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Payback Time
Florida Office of Insurance Regulation and the Hartford Financial Services Group have entered into a consent agreement whereby Hartford will issue refunds or credits totaling $48.2 million to Florida businesses
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NCCI Proposes Rate Reduction for Florida Workers' Compensation
Citing improved claims frequency and loss development, the National Council on Compensation Insurance (NCCI) has said that Florida's workers' compensation rates should be lowered.
Market Watch
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Mobile Homes, Mobile Market
As we enter the last half of the 2009 hurricane season, the state of Florida has a significant number of mobile homes/manufactured housing at risk.
