Florida Underwriter May 2010
Cover Story
Health Care for 2010 and Beyond
Clients are tired of the same old story at employee benefit renewal meetings: Higher rates, increased deductibles/copays and cost shifting. Finally, we have some good news to share with them, as new initiatives move to the forefront.
Features
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For Insurers, It Is Not Just About Rate Hikes
Once again the fate of the property insurance market appears to be completely in the hands of Charlie Crist.
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Raising Your Client's BOP Comfort Level
If you don't know what you want, that's exactly what you get, and many business owners don't know what they want or need in a Business Owners Policy. This lack of understanding is a gap that must be closed.
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Hope for the Best, Prepare for the Worst
As financial and insurance advisors, every day we help our clients protect themselves, their families, their businesses, and their properties from adverse occurrences large and small.
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Florida Cat Fund Issuing Bonds
The storms that hit Florida in 2005 keep taking their toll.
From the Editor
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Musings From Alex (Hamilton, That Is)
In tribute to the final days of the 2010 legislative session, I bring you insight from a previous century.
People
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Browne Named Top CSR
Josephina "Jo" Browne, CPSR, of Insurance Resources, LLC in St. Petersburg, was presented with the PIA-Florida CSR of the Year Award at the recent PIA Agent Expo 2010 in Orlando.
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B&G Hires Moran
Mike Moran has been named managing director of national specialty brokerage business and eastern region executive for Bliss & Glennon, Inc.
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RM Advisory Board Formed
Florida CFO Alex Sink has formed an Advisory Council on Risk Management. Council meetings will be held twice a year in person, with conference call meetings as needed to advise the CFO and the Division of Risk Management.
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Consumer Coalition Announced
Florida Insurance Consumer Advocate Sean Shaw has formed the Florida Insurance Consumer Coalition, a group of insurance consumer organizations that will work together to advise on and advocate for issues impacting Florida's insurance consumers.
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Gorham Joins Clearwater Underwriters
Nathan Gorham has joined Clearwater Underwriters, where he will underwrite property and casualty business and supervise the underwriting of all excess flood and professional liability.
Company Notes
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Florida Court Rejects Attorney Fee Claim
In Quiroga v. Citizens Property Insurance Corporation, the Florida Third District Court of Appeal invalidated a law firm's charging lien for unpaid legal fees that was asserted against the collected proceeds of an insurance claim for a former client.
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Real-Time GPS Service
Montgomery Insurance, a Liberty Mutual Group regional operation, is offering a GPS-based real-time vehicle tracking and daily driver reporting service for commercial fleet managers and owners.
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Main Street Rated "Excellent"
A.M. Best has affirmed the financial strength rating of "A" (Excellent) of super regional property-casualty insurance carrier The Main Street America Group and its five wholly owned subsidiaries.
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AvMed Earns Honors
AvMed Health Plans has received the CAQH Committee on Operating Rules for Information Exchange (CORE) certification seal.
Business Trends
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Social Media Still in Its Infancy in Florida
Social media sites such as Facebook, Twitter, and YouTube may be major global forces, but a review of such activity in Florida's insurance community shows limited engagement.
FWCI
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Difficult Market for Workers' Comp Insurers
The lingering effects of a deep economic recession have had a significant impact on the workers' compensation insurance market over the past many months.
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Pain Management: Integration and Innovation Can Bring Success
Chronic pain is one of the most common, costly, and challenging issues that workers' compensation payers face. The toll it can take on the life of the injured individual is just as dramatic, and costly, on a personal level.
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Arresting Workers' Compensation Fraud
The continued existence of the Coalition of Insurance Fraud organization appears secure.
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