Florida Underwriter June 2010
Cover Story
Do We Feel Lucky?
Florida's personal and commercial residential property insurance market today consists mostly of small domestic insurers, Citizens Property Insurance Corp. and State Farm Florida Insurance Co.
Features
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Calibrate Property Coverage With Catastrophe Modeling
The absence of a major catastrophic event in Florida in recent years has not erased memories of the 2004 and 2005 hurricane seasons and the impact of the ensuing hard property insurance market.
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Good News for Florida's Catastrophe Fund
The state-created reinsurance fund that is called the "backbone" of Florida's fragile property insurance market has returned to solid ground heading into the 2010 hurricane season.
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2010 Legislative Session: What Passed, What Failed in Life & Health?
While the omnibus property bill garnered most of the attention this past legislative session, there were significant life and health insurance-related bills under discussion also.
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Solid Agency-Carrier Relationships Are Critical in Today's Soft Market
A prolonged soft market combined with a declining economy has led to unprecedented negative premium growth throughout the U.S. property and casualty industry for two consecutive years.
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Explaining RCV and ACV to Anxious Homeowners
It doesn't seem fair for me to pay for replacement cost coverage in my homeowners' policy if I only get actual cash value upfront. I paid good money for replacement cost coverage, and I want it now.
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Eight Reasons Why E-Mail Marketing Works
Mention e-mail marketing to fellow insurance professionals and you may find that many remain hesitant to move away from their tried-and-true snail mail methods.
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A Call for New Leadership at Florida's OIR
Nobody wants to pay any more than they have to for anything and, unfortunately, Florida lawmakers have discovered they actually have the ability to manipulate and control the insurance industry and its rates.
From the Editor
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Florida: Hurricane Central June Through November
June. While for many it evokes images of summer vacations, weddings, and days at the shore, here in Florida we think of hurricanes.
People
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Westrope Assigns Southeast to Havermann
Edward T. Havermann III has joined Westrope as a broker in its national transportation practice. His territory is the Southeast, which includes Florida.
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Regional Excess Underwriters Hires Jennifer Wilson
Regional Excess Underwriters LLC, wholesale broker/general agent and member company of W.R. Berkley Corp., has named Jennifer Wilson as a broker/underwriter in REU's Jacksonville office.
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Michael Whitton New CFO at HealthPlan Services of Tampa
HealthPlan Services of Tampa has appointed Michael Whitton to the position of chief financial officer.
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Deborah Franklin Joins Ponce de Leon Board
Deborah Franklin, president of the Florida Health Care Association, has been elected to the board of Ponce de Leon LTC RRG, Inc.
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McCarthy Named VP at Uni-Ter
Christine McCarthy has been named vice president of claims at Uni-Ter Underwriting Management Corp.
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Michael Cotton Promoted at WellCare Health Plans
Michael L. Cotton has been promoted to the newly created position of president, national health plans, at WellCare Health Plans, Inc. Cotton will lead all the company's health plan market operations.
Company Notes
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U.S. RE Takes Stake in Thornberry Consulting
U.S. RE, the international financial services and reinsurance brokerage firm, has entered into a strategic partnership with an ownership stake in Thornberry Consulting of Indianapolis, developer of GeoEstimator.
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Stahl Expands With Purchase
Stahl & Associates Insurance, Inc., in Seminole has purchased the Tampa branch of Rogers Gunter Vaughn Insurance.
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Calling Hartford
The Hartford Financial Services Group, Inc., has launched The Hartford Mobile, which provides iPhone users with quick access to checklists, emergency phone numbers and claims reporting features for auto insurance customers.
Business Trends
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The Brave New World of Online Benefit Administration
When it comes to handling employee benefits, there are new Internet-based strategies available to reduce administration time, improve efficiency, eliminate errors, and provide valuable resources and reporting capabilities
