Florida Underwriter August 2010
Cover Story
Transforming Your Agency
Our business and social worlds are being transformed right before our eyes.
Features
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Flood Insurance and Florida's Resistant Homeowners
My neighbor dropped flood coverage this year to shave expenses. Frankly, I'm thinking of doing the same thing.
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FAIA's New Chair Discusses Challenges, Opportunities
Arturo Hoyo takes over as chair of the Florida Association of Independent Agents in September. The insurance veteran has more than three decades of industry experience, most of it in the densely populated Miami area.
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E&S Sees More Competition, Less Premium
Florida's excess and surplus (E&S) lines industry emerged relatively unscathed from the 2010 legislative session.
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A Primer on Florida's KidCare Partnership
In 1997, Congress enacted Title XXI of the Social Security Act, known as the State Children's Health Insurance Program (SCHIP).
From the Editor
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Nothing, After Much Ado
With apologies to William Shakespeare, the truncated special legislative session called by the newly independent Gov. Charlie Crist was a tragedy, not a comedy.
People
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Therese Stevens Named CEO of Normandy Harbor Insurance
The board of directors of Normandy Harbor Insurance Co. has named Therese "Terri" A. Stevens as the company's new president and CEO.
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DeRosa New EVP at AlphaStaff
Fort Lauderdale-based PEO Alpha-Staff Group, Inc., has named Joseph G. De Rosa executive vice president of traditional sales.
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Tower Watson Increases Florida Presence
Towers Watson has appointed Robert Betz to the position of practice leader for the company's Florida P&C insurance services.
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Vilches Takes Marketing Position at Uni-Ter
Armando L. Vilches, CPCU, has joined Uni-Ter Underwriting Management Corp. as vice president of marketing.
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Ann Wehr Moves to WellCare
WellCare Health Plans, Inc., of Tampa has named Ann O. Wehr, M.D. to the post of chief medical officer. Dr. Wehr will lead the company's medical affairs initiatives and health policy strategy.
Company Notes
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HealthPlan Holdings Acquires GEMGroup
HealthPlan Holdings, Inc., of Tampa has acquired GEMGroup, a service company that specializes in providing administrative services to large and medium-sized employee benefit plans.
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Brown & Brown Reports Earnings
Brown & Brown, Inc., earned a net income for the second quarter of 2010 of $41,185,000, an increase of 1.3 percent from the $40,668,000 reported for the same time period in 2009.
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Money for Being Green
Fireman's Fund Insurance Co. is offering policyholders with Energy Star buildings a five percent discount on their insurance premiums.
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MarketScout Wholesale Opens in Florida
MarketScout Wholesale, an electronic insurance exchange that underwrites and distributes product lines to a member agency network nationwide and in Canada, has opened an office in Tampa.
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Travelers Net Income Down
The Travelers Companies, Inc., reported net income of $670 million for the quarter ending June 30, 2010, compared to $740 million for the quarter ended June 30, 2009.
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Florida Division of Workers' Comp Offers New Tools
The Florida Division of Workers' Compensation has a new tool that allows injured employees to estimate their wage replacement benefits when injured on the job.
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Health-Care Tax Credit Report Shows High Number of Small Businesses Eligible
More than 80.1 percent of Florida's small businesses with fewer than 25 employees will be eligible this year for tax credits to help pay the cost of employee health coverage.
FWCI
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Federal Health Care and Workers' Compensation
NCCI has examined the new health-care bill with an eye toward enumerating the effects anticipated for the workers' compensation industry.
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A Revealing Look at Florida Workers' Compensation Drug Trends
A new drug study by PMSI provides significant insight into the key drivers of price, utilization, and drug mix across the top medication classes used in the treatment of injured workers nationwide.
