Agency Management

On Nov. 16, Florida legislators returned to Tallahassee for a quick three-hour special session during which many hoped they would take up measures dealing with both workers' compensation and property insurance.

For the fifth year in a row, Florida -- considered a major segment of "hurricane alley" -- has avoided the devastating damages that come with the vicious storms.

Trade groups representing agents who sell health insurance are seeking congressional support for legislation that will exempt agent commissions from the medical loss ratio formula recently approved by the Department of Health and Human Services.

Property and casualty trade groups urged Congress to keep trying after the Senate failed late Monday to pass legislation that would repeal a tax reporting provision of the health care reform law.

According to Fast Facts 2010 issued today by the Florida Office of Insurance Regulation, the office regulated almost 4,000 insurance entities during its fiscal year ending June 30, 2010.

For fiscal year 2010, the U.S. Equal Employment Opportunity Commission received nearly 100,000 new private sector charges of employment discrimination--a record high and a jump of 7 percent over 2009, the agency reported.