Magazine: October 2009 Issue
Cover Story
The repressed economy, record unemployment, and a polarizing health-care debate have pushed workers’ compensation insurance off the radar screen in Florida — perhaps too soon....
People
The Tampa Bay Association of Health Underwriters (TBAHU) has announced its 2009-2010 board of directors. ...
Lori Daugherty has been appointed president of the pharmacy division of PMSI in Tampa....
Catherine Shertenlieb, CIC, has joined the marketing team at McAuley Woods & Associates in West Palm Beach. ...
Unisource Program Administrators (UPA), a workers’ compensation wholesaler with a processing office in Sarasota, has expanded services nationwide with A-rated carriers and licensure in all 50 states. ...
FSLA
The surplus lines industry wrote just over $37 billion in property and casualty premium nationwide in 2008....
Despite the dismal nationwide economic trends, Florida’s surplus lines insurance market still managed to show some signs of strength this year....
The mission of the Federal Motor Carrier Safety Administration (FMCSA) is to reduce large truck and bus crashes, fatalities, and injuries nationwide. ...
In a perfect world, a retail agent would be able to place all of his business in the admitted marketplace....
The recent signing of HB 853 by Gov. Charlie Crist has had an interesting effect on the adjustment of losses for the E&S market. ...
The Florida Surplus Lines Association (FSLA) returned to one of its favorite locations for its 2009 convention — the Boca Raton Resort & Club in Boca Raton. ...
When the Essex v. Zota decision was rendered in June 2008, the surplus lines industry was shaken to its very foundation by its implications. ...
Company Notes
Sarasota-based FCCI Insurance Group has been named to the 2009 AARP Best Employer for Workers Over 50 list. ...
Ascendant Commercial Insurance Inc., of Miami, is assuming some 15,000 policyholders from First Commercial Insurance Co. (FCIC) and First Commercial Transportation and Property Insurance Co. (FCTPIC). ...
In Florida, an average of 3.7 million people lacked health coverage over the last three years, as poverty increased in the state and median income fell, according to recently released U.S. Census Bureau survey data. ...
Insurance Commissioner McCarty issued an Immediate Final Order to Peck & Peck, Green Cross Managed Health, and Depawix Health Resources to immediately cease and desist transacting the unauthorized marketing and selling of health insurance....
A recently released analysis by the Florida Division of Insurance Fraud that details the impact of insurance fraud in the state and globally said that “the increase in insurance fraud is indisputable."...
Business Trends
Insurance sales agent jobs are projected to increase nationally by 13 percent (436,000 to 492,000) between 2006 and 2016, according to the 2008-09 edition of the Occupational Outlook Handbook, U.S. Department of Labor. ...
