While Florida agents and brokers have become adept at adjusting to the new normal of stagnant rates and reduced premiums afflicting the E&S commercial property market, there are reasons to believe change may be on the way.
Recent studies reveal that in 2010 PEOs had more than 949,000 worksite employees, 69,000 employers, and over $25 billion in payroll in Florida. By comparison, five years ago the data showed 700,000 worksite employees, 50,000 employers and payroll in excess of $17 billion. Growth, however, has not been without challenges.
Independent insurance agency merger and acquisition (M&A) activity has been a wild ride in the past few years and it is not likely to become smooth anytime soon
President Bruce Bowers talked with Florida Underwriter about the FSLA, surplus lines business in Florida, and the Florida insurance marketplace in general.
A recent survey by the Reinsurance Association of America (RAA) showed negative movement across two critical indicators within the reinsurance marketplace.
The unique aspects of the environmental insurance market, combined with constant change, make it a challenging coverage for most insurance professionals.
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"articles": [
{
"uri": "/2011/04/30/floridas-es-commercial-property-market-is-change-coming/",
"title": "Florida’s E&S Commercial Property Market: Is Change Coming?",
"byline": "Tim Hoelle",
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"prettyDate": "April 30, 2011",
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"summary": "While Florida agents and brokers have become adept at adjusting to the new normal of stagnant rates and reduced premiums afflicting the E&S commercial property market, there are reasons to believe change may be on the way.",
"body": null
},
{
"uri": "/2011/03/02/florida-peos-continue-to-gain-market-share/",
"title": "Florida PEOs Continue to Gain Market Share",
"byline": "Tim Hoelle",
"kicker": "Market Insights",
"prettyDate": "March 02, 2011",
"timeToRead": "6 minute",
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"summary": "Recent studies reveal that in 2010 PEOs had more than 949,000 worksite employees, 69,000 employers, and over $25 billion in payroll in Florida. By comparison, five years ago the data showed 700,000 worksite employees, 50,000 employers and payroll in excess of $17 billion. Growth, however, has not been without challenges.",
"body": null
},
{
"uri": "/2010/11/30/floridas-wild-ride-in-mergers-acquisitions/",
"title": "Florida's Wild Ride in Mergers & Acquisitions",
"byline": "Tim Hoelle",
"kicker": "News",
"prettyDate": "November 30, 2010",
"timeToRead": "2 minute",
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"summary": "Independent insurance agency merger and acquisition (M&A) activity has been a wild ride in the past few years and it is not likely to become smooth anytime soon",
"body": null
},
{
"uri": "/2010/10/31/2010-es-in-review/",
"title": "2010 E&S In Review",
"byline": "Tim Hoelle",
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"prettyDate": "October 31, 2010",
"timeToRead": "6 minute",
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"summary": "Florida's E&S market appears trapped in a non-traditional cycle -- a soft market followed by a softer market.",
"body": null
},
{
"uri": "/2010/09/30/fsla-president-bruce-bowers-expresses-optimism-for-es-market/",
"title": "FSLA President Bruce Bowers Expresses Optimism for E&S Market",
"byline": "Tim Hoelle",
"kicker": "",
"prettyDate": "September 30, 2010",
"timeToRead": "5 minute",
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"summary": "President Bruce Bowers talked with Florida Underwriter about the FSLA, surplus lines business in Florida, and the Florida insurance marketplace in general.",
"body": null
},
{
"uri": "/2010/07/31/es-sees-more-competition-less-premium/",
"title": "E&S Sees More Competition, Less Premium",
"byline": "Tim Hoelle",
"kicker": "Market Insights",
"prettyDate": "July 31, 2010",
"timeToRead": "5 minute",
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"summary": "Florida's excess and surplus (E&S) lines industry emerged relatively unscathed from the 2010 legislative session.",
"body": null
},
{
"uri": "/2010/06/30/the-reinsurance-world-looks-to-the-sunshine-state/",
"title": "The Reinsurance World Looks to the Sunshine State",
"byline": "Tim Hoelle",
"kicker": "Market Insights",
"prettyDate": "June 30, 2010",
"timeToRead": "5 minute",
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"summary": "A recent survey by the Reinsurance Association of America (RAA) showed negative movement across two critical indicators within the reinsurance marketplace.",
"body": null
},
{
"uri": "/2010/04/30/arresting-workers-compensation-fraud/",
"title": "Arresting Workers' Compensation Fraud",
"byline": "Tim Hoelle",
"kicker": "",
"prettyDate": "April 30, 2010",
"timeToRead": "5 minute",
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"summary": "The continued existence of the Coalition of Insurance Fraud organization appears secure.",
"body": null
},
{
"uri": "/2010/02/28/floridas-es-commercial-property-insurance-market-continues-to-seesaw/",
"title": "Florida's E&S Commercial Property Insurance Market Continues to Seesaw",
"byline": "Tim Hoelle",
"kicker": "Market Insights",
"prettyDate": "February 28, 2010",
"timeToRead": "7 minute",
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"summary": "No news is good news, so they say, and that applies in some ways to the current Florida E&S commercial property market.",
"body": null
},
{
"uri": "/2010/01/31/evolution-of-the-environmental-risk-market/",
"title": "Evolution of the Environmental Risk Market",
"byline": "Tim Hoelle",
"kicker": "Market Insights",
"prettyDate": "January 31, 2010",
"timeToRead": "8 minute",
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"summary": "The unique aspects of the environmental insurance market, combined with constant change, make it a challenging coverage for most insurance professionals.",
"body": null
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}
