linkedin twitter facebook youtube
    for your eyes only
    Agency News | Industry News | New Members | Calendar | Events | Classes
    Learn how to prevent E&O claims brought by carriers
    In a recent blog, Jeff Grady touched on the increasing number of agents E&O claims brought by carriers. In this follow-up, Jeff shares a presentation made to the IIABA’s Professional Liability Committee (on which he serves) that explains how these claims typically come about and what agents can do to prevent them.
    Reforming bad faith laws may require legislative action
    An insurer’s liability for breach of contract is not a prerequisite for a bad-faith lawsuit. That’s the opinion of Florida’s Fourth District Court of Appeal. This slippery-slope decision could allow policyholders to sue their insurer for bad faith any time the insurer disputes a claim but then pays the insured just one penny more than the insurer's initial claim settlement offer, without determining if the insurer breached the contract. What does this ruling hold for the future of bad-faith reform? Read General Counsel Laura Pearce’s Legal Brief of the Week to find out.
    Meet Mount Beacon, one of the 14 companies approved for takeout
    Earlier this month, the OIR approved a staggering 400,000-plus Citizens policies for takeout by 14 different companies, some of which are new to the market. One of those companies is Mount Beacon Insurance Co., approved to remove up to 47,900 personal lines residential PLA policies. Dave Newell recently met with the company’s executive team. Read his blog for an overview of the company, and stay tuned for our review of the company’s agency agreement.
    ACA Open Enrollment begins Nov. 15
    Open enrollment, court decisions, and the SHOP Exchange are just a few of the Affordable Care Act-related happenings to follow this fall. Read Health & Benefits Director Lee Martin’s blog for the details.
    Low-price pleasure not worth pain that comes at claim time
    An insurance carrier recently revised its underwriting guidelines relating to ordinance and law coverage by allowing a customer to totally reject the coverage on a DP-3 policy, but maintained the requirement that customers carry the coverage on a homeowners policy. David Thompson’s recent blog provides yet another reason for agents to think carefully about the E&O implications before making any changes to an insured’s policy.
    Commercial Lines coming to TrustedChoice.com
    In just a few short weeks, consumers will be able to search for agencies specializing in commercial lines on TrustedChoice.com. Special pricing is available for current personal lines subscribers. To learn more and receive updates, complete this simple form.
    New Trusted Choice television ad running on national TV
    A new TV commercial that uses humor to convey how independent agents are “free to do what’s right for you” began running on national TV last week. The ad, which will run through August of 2015 during FOX, CNN, MSNBC, and CNBC news programming, is tag-able and can be customized for individual agencies. Remember, up to 850 dollars is available to agencies using the Freedom Campaign materials through Trusted Choice’s Marketing Reimbursement Program (MRP). Watch the ad, and then learn more about the MRP.
    Attend Trusted Choice’s tradeshow without leaving your office
    That’s right. Trusted Choice is hosting its second Virtual Tradeshow on October 22–23. You can reap the benefits of attending a national convention, such as meeting with booth representatives, all within the comforts of your office, or from wherever you choose. Register today.
    Social media at its finest
    Trusted Choice’s Facebook share campaign in August raised 150,000 dollars for the Make-A-Wish Foundation. Trusted Choice exceeded its campaign goal of 15,000 “shares” as of August 29. Since the program’s inception in 2011, more than 29 children have had wishes sponsored.
    Young Agents Council, Education bring home IIABA awards for excellence
    Political action and community involvement are hallmarks of FAIA’s Young Agents Council members, and their hard work earned them two awards at the Big “I” Leadership Conference, held last week in Grand Rapids, Michigan. FAIA’s YAC was recognized for Outstanding InVEST Support and Outstanding Political Involvement. Also earning accolades at the conference was FAIA’s Education Department, which earned an Excellence in Insurance Education Diamond award for the fifth consecutive year.
    Brown & Brown, Inc., Daytona Beach: appointed J. Neal Abernathy as senior vice president of the Wholesale Division. Named Richard Freebourn, Sr., the agency's new “People Officer.”

    Fero & Sons Insurance, Dunnellon: celebrates 60 years in business; the family-owned agency will mark the milestone with a community picnic on October 9, 2014.

    City of Orlando: current flood-plain information, including FEMA elevation certificates, and technical assistance are available from the City of Orlando. For more information, visit the city’s website, call 407-246-2271, or visit the Office of Permitting Services on the first floor of City Hall.

    Willis Group Holdings, PLC: expanded its reinsurance operations in North America by opening a new Willis Re operation in Tampa.

    XL Group: CEO Mike McGavick named the “2014 Insurance Leader of the Year” by the St. John’s University’s School of Risk Management.

    AAA Insurance Agency: Orlando

    AAA Insurance Agency: Plant City

    AAA Insurance Agency: West Melbourne

    AssuredPartners, Inc.: Lakewood Ranch

    BFG Insurance Services, LLC: Tampa

    Brightway Insurance, Inc. dba D&K Insurance Group, LLC: Panama City

    Coast2Coast Insurance Agency: Destin

    McMahon-Hadder Insurance, Inc.: Destin

    Tester Insurance, LLC dba Griffin Insurance Agency: Ocala

    Mount Beacon Insurance Company: Pinellas Park


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

    • IIA of Broward County, Officers and Directors Installation: Sept. 18, 2014; Cantina Laredo at Gulfstream Park, Hallandale Beach.
    • IIA of Palm Beach County, CE class: Sept. 18, 2014; West Palm Beach.
    • IIA of Central Florida, Installation banquet: Sept. 23, 2014; Citrus Club, Orlando.
    • Pinellas Association of Insurance Agents, Big I Day: Sept. 25, 2014, Feathersound Country Club, Clearwater.
    • Manatee County IIAA, Big I Day: Oct. 9, 2014; River Wilderness Golf and Country Club, Parrish.
    • IIA of South Florida, Officers and Directors Installation: Oct. 16, 2014; Doral Park Country Club, Doral.
    • IIA of Palm Beach County, Breakfast Meeting: Oct. 16, 2014; Embassy Suites, West Palm Beach.



    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.