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    NOVEMBER 30, 2016 | VOLUME LXVI, ISSUE 7 
    PAST ISSUES

     

    ADVOCACY
    Workers’ compensation rate increase to take effect after all
    What a crazy few days it has been for agents and small business owners. The day before Thanksgiving, a judge issued an order halting the 14.5 percent average workers’ compensation rate increase, then Tuesday, the OIR appealed the ruling, effectively staying the judge’s order and allowing the rate increase to take effect Dec. 1. (All this back and forth has some wondering if maybe it’s time to let the free market determine rates.)
    Court delays DOL overtime rule
    A federal judge in Texas last week halted implementation of the Department of Labor rule that would have extended overtime protections to millions of full-time, salaried employees effective Thursday. Read Laura’s Legal Brief of the Week for details on this huge win for independent insurance agencies.
    How passage of medical marijuana initiative affects agents
    Physicians in Florida can legally prescribe marijuana, though it remains illegal under federal law. What does that have to do with your business? Read Frank Pennachio’s blog to find out.
    Attend Florida Chamber’s Insurance Summit (for free!)
    The Florida Chamber of Commerce Insurance Summit is February 1–3, 2017, at the JW Marriott Miami—and because FAIA is a sponsor, we’re giving away 10 free registrations on a first-come, first-serve basis. The Summit brings together legislative leaders, insurance executives, and political insiders to address the crucial issues facing insurers, business leaders, and consumers. if you’re interested in attending.
    EDUCATION
    Agency best practices create flood insurance success stories
    Congratulations! It seems many of you are reading and heeding FAIA’s counsel to always recommend flood coverage and document declinations. David Thompson shares the experience of two North Florida agencies that made it through Matthew unscathed (no E&O activity!) despite hundreds of flood claims.
    Another reason to steer clear of restrictive endorsements
    If you have any general lines contracts on the books with any type of classification restriction, know that coverage applies only to the operations associated with the general lines code listed…and make sure your client knows it as well. Read Keith Jones’ blog for a real-life example of what can go wrong.
    CISR, CIC schedules set for 2017
    FAIA, through its partnership with The National Alliance for Insurance Education & Research, has a robust list of courses and institutes for 2017, including a new offering, the CIC Commercial Multiline Institute. Check out the 2017 schedule.
    Is your agency website putting your business at risk?
    Join Big "I" Professional Liability/Swiss Re Corporate Solutions for "Agency Risk Management Essentials: Is your website doing more harm than good?" The free webinar, scheduled for December 8, 2016, at 2:00 EST, will cover the dos and don’ts of website content and feature a discussion presented from the viewpoints of an E&O underwriter, auditor, claims specialist, and defense counsel. Register.
    Your surplus lines questions answered
    What exactly is surplus lines insurance and why do consumers need it? If you don’t know the answers to these questions, download An Introduction to the Surplus Lines Market, a primer created by state and national surplus lines trade groups to help explain this often misunderstood market.
    YOUNG AGENTS
    Presenting Florida’s future insurance leaders
    Florida's Future Insurance Leaders—a program designed to attract high caliber agents and help them develop through education and mentorship—announces its 2016–2017 class: Shauna Canty, Greene Hazel Insurance Group, a Division of HUB International Florida; Patricia Eileen Clawson, Clawson and Company, Inc.; James Austen George, UACIC, CRIS, CIC, All Risks, Ltd.; Justin Hanna, Integrity Insurance International, Inc.; Laura Howell Johnson, CLCS, Heacock Insurance Group, Inc.; Michael Frederick Horn, Jr., Mike Horn Family Insurance, Inc.; Mary Katherine Lawler, ARM, Douglas M. Croley, Inc.; Eric Spencer Shaw, Shaw Insurance Agency, LLC; and William Woods Tate, III, Jack Rice Insurance, LLC.
    Sales & Leadership Conference to feature agency technology thought leader
    Steve Anderson is well-known in the insurance industry for helping agencies increase revenue and reduce expenses by using technology. He’ll lead off the 2017 Young Agents Sales & Leadership Conference on Wednesday, January 25, 2017, with a session that describes and explains the seven steps an agency should take to be successful in the future. Young agents or old(er), this is a message we all need to hear. Learn more and register.
    MEMBERSHIP
    Have you updated your agency profile recently?
    Updating your agency information is easier than you might think. Visit our website (you’ll be prompted to log in) and complete the simple form.
    MEMBER AGENCY NEWS

    Matthew Booth Harrell, Franklin Street Insurance Services, LLC: was recently profiled by Property Casualty 360 for their “Insurance Pros under 40” series.

    INDUSTRY NEWS

    Orchid Underwriters: launched Connect, a new quote submission tool.

    Santa Rosa County: will retain its current NFIP rating.

    Universal Property & Casualty Insurance Company: announced Universal DirectSM has launched in Massachusetts and Maryland.

    NEW AGENCY MEMBERS

    Intergroupe USA: Miami

    NEW ASSOCIATE MEMBERS

    Trusted Flood Insurance Brokerage, LLC: Sanibel

    CALENDAR OF EVENTS
    FAIA EVENTS

    LOCAL BOARD EVENTS

    Many local boards hold monthly or quarterly meetings. Visit our website for a schedule.

    YAC EVENTS

    INDUSTRY EVENTS

    EVENT SPOTLIGHT
    InVEST Teach the Teacher & Volunteer Workshop
    The 2017 InVEST Teach the Teacher & Volunteer Workshop takes place Monday, January 23, 2017, from 9:00 a.m. to 2:30 p.m. at the Embassy Suites Hilton in Ft. Lauderdale. The workshop will give insurance agency and company staff the tools to become comfortable and effective InVEST volunteers. Complete the Agency/Company Volunteer form and RSVP by Friday, December 9, 2016.
    AGENTS CONFIDENTIAL: A PUBLICATION OF THE FLORIDA ASSOCIATION OF INSURANCE AGENTS
    PO BOX 12129 | TALLAHASSEE, FL 32317-2129
    TELEPHONE: 850-893-4155 | FAX: 850-668-2852
    All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means-electronic, mechanical, photocopying, recording, or otherwise-without the prior written permission of the Florida Association of Insurance Agents. FAIA does not give legal advice. Agents are urged to seek the counsel of a licensed Florida attorney familiar with the Florida Insurance Code.