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    APRIL 2, 2014 | VOLUME LXIII, ISSUE 15
    PAST ISSUES
    ADVOCACY
    Assessment bills reaching former CIA policyholders 
    Commercial insurance customers (or more accurately, “subscribers”) of the now-defunct Commercial Insurance Alliance, a reciprocal insurance company, want to know why they are being assessed thousands of dollars to pay expenses for the company, which was liquidated in 2011. And naturally, they want answers from agents. Read Dave Newell’s blog for information on statute of limitations, agent notifications, and potential E&O implications.
    New Community group offers sounding board for agency principals
    Agency principals struggling with a vexing personnel or business issue are in luck. The Pay It Forward Task Force recently created the Agency Principals Roundtable, a forum where agency principals can privately discuss hiring and firing, compensation, agency perpetuation, agency valuation, and other topics of particular interest to agency owners. (There’s even an option to make a confidential request for troubleshooting.) Read Jeff Grady’s blog on paying it forward, then visit the group in the Community and request to join.
    Florida’s February job-creation numbers set new record
    Gov. Rick Scott announced that over the month of February, Florida businesses created more than 32,000 private-sector jobs. This accounts for nearly 20 percent of all new private sector jobs in the country last month, and is just one of the many reasons why FAIA supports the governor’s re-election. Learn more.
    Membership participation fuels Legislative Fly-In success
    Last week over 150 FAIA members attended Legislative Fly-In in Tallahassee where they met with state legislators on the pressing insurance issues on the agenda this legislative session. Attendees heard from many of Florida's most influential policymakers, including Gov. Rick Scott, Insurance Commissioner Kevin McCarty, and several Senate and House members. FAIA's advocacy efforts on behalf of independent agents are greatly enhanced by agents who are willing to take time out of their busy schedules to come to Tallahassee and lobby the legislature. If you haven't attended in the past, please consider doing so in the future..
    What happens if you have an ‘insurable interest’ in a property you don’t own?
    A property management company was the named insured on both the primary and excess commercial property insurance policies on three apartment complexes. The complexes suffered extensive property damage from Hurricane Wilma, and $39,000 in lost rents. What is the company entitled to? Two courts disagreed. Read the final verdict in Laura’s Legal Brief of the Week.
    EDUCATION
    Popular flood webinar to be rebroadcast April 16
    More than 250 people attended FAIA’s topical webinar, BW12 and HR3370 Changes to the NFIP, on Monday. If you weren’t one of them, you can still find out what you need to know about the latest round of changes to the National Flood Insurance Program, which address many of the unintended consequences created by the Biggert-Waters Act of 2012.
    NFIP vs. private flood insurance: Make sure your customers know the risks
    Your customer asks if he should forego coverage under the NFIP for a policy written by a private insurer. Before you answer the question, read this article by “Mister Flood Insurance” Chris Heidrick, to learn the upsides and downsides of private flood policies.
    Understand CE changes and make sure you are in compliance
    The enforcement of the required five-hour update course is now in effect for continuing education compliance cycles ending October 31, 2014, and later, so now is a good time to check your CE status and confirm what classes (or class) you need. FAIA offers several approved courses to meet the five-hour P&C update requirement, from webinars to classes around the state. Bigger agencies may find it more cost-effective to bring in an FAIA instructor for an onsite class. Visit our website for CE guidance and class information.
    FAIA adds self-study online to its educational offerings
    FAIA has teamed up with WebCE and the International Risk Management Institute, Inc. (IRMI), to bring members affordable and high-quality online continuing education courses. Visit the FAIA online learning page for more information about WebCE and access to its course catalog.
    TRUSTED CHOICE
    Reach potential customers with digital ad buy
    “Digital units” are now on sale for the second wave of the Trusted Choice Freedom Campaign digital ad buy. With support from the Marketing Reimbursement Program, participating agencies receive $3,000 worth of digital advertising (reaching a minimum of 800,000 consumers) for only $2,250. Visit FAIA’s media center to see an example of the ad and to learn more.
    MEMBER AGENCY NEWS
    Brightway Insurance, Brandon: Lorenzo Acevedo has become the new agency owner.

    Robert S. Ludwig, AIC, Ludwig-Walpole Company, Inc.: will be honored by the Greater Sarasota Chamber of Commerce.

    Mindy Mayfield, Brightway Insurance: was the fourth quarter recipient of a CIC scholarship from The National Alliance for Insurance Education.

    Rudolf Reiterer, Lions Group International of SWFL, LLC: placed fourth in Progressive’s Fall into Cash promotion.

    IN MEMORIAM
    Bernita Shively, Pensacola: passed away Thursday, March 27, 2014. We express our condolences to her friends and family.
    INDUSTRY NEWS
    Arthur J. Gallagher & Co.: recognized for a third year as a “World’s Most Ethical Company” by Ethishpere.

    Chubb Group of Insurance Companies: issuer credit ratings (ICR) revised to positive from stable, and the financial strength rating (FSR) of “A++” and ICR of “aa+” affirmed by A.M. Best.

    Hartford Financial Services Group, Inc.: recognized for a sixth year as a “World’s Most Ethical Company” by Ethishpere.

    Lighthouse Property Insurance Corp.: President Ronald Chapman has announced his retirement in June. Patrick White will succeed him.

    Swiss Re: recognized as a “World’s Most Ethical Company” by Ethishpere.

    NEW AGENCY MEMBERS
    Agrusti Insurance Agency Inc. dba Great Florida Insurance: Cape Coral

    ATIF Insurance Solutions, LLC: Orlando

    At Tamiami Insurance Corp.: Miami

    Augustyniak Insurance Group, Inc.: Jacksonville

    Capstone Home and Auto: Palm Coast

    CRIO, Inc.: West Palm Beach

    Daniel J. Franz Insurance Agency Inc.: West Palm Beach

    Jay Newman Insurance: Pensacola

    Jemo Insurance Agency, LLC: Miami

    Robert Nichols Insurance Group, Inc.: Jupiter

    The Spencer Insurance Agency LLC: Hobe Sound

    Super Insurance Service: Miami

    Tom Mere Insurance Agency, Inc.: North Ft. Myers

    NEW ASSOCIATE MEMBERS
    Jenesis Software: Forest City, NC
    CALENDAR OF EVENTS
    FAIA EVENTS

    LOCAL BOARD EVENTS

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

    • IIA of South Florida, Bunny Drive for Miami Children’s Hospital.
    • IIA of Broward County, Mercedes-Benz Corporate Run: April 3, 2014; Huizenga Plaza/Bubier Park, Ft. Lauderdale.
    • IIA of South Florida, Big I Day: April 3, 2014; Melreese Golf Course, Miami.
    • IIA of Tallahassee, Big I Day: April 10, 2014; TBA.
    • IIA of Greater Tampa, Big I Day: April 10, 2014; Westchase Golf Club, Tampa.
    • IIA of Broward County, Big I Days: April 10–11, 2014; Hillsboro Marina & Plantation Preserve.
    • IIA of Palm Beach County, monthly luncheon: April 17, 2014; Embassy Suites, West Palm Beach.
    • IIA of Northeast Florida, Big I Day: April 17, 2014; Deercreek Country Club & Latitude 30.
    • Pinellas Association of Insurance Agents, fishing tournament to benefit Children’s Dream Fund: April 18, 2014.
    • IIA of Central Florida, Big I Day: April 24, 2014; Eagle Creek Golf Club & Winter Park Civic Center.
    • Lee County IIA, Big I Day: April 24, 2014; Heritage Palms, Ft. Myers.
    • IIA of Palm Beach County, Big I Day: May 1, 2014, Breakers West Country Club, Sail Fish Marina, City Place Spa.
    • IIA of Northeast Florida, lunch meeting: May 20, 2014; Maggiano’s Little Italy Restaurant at St. John Town Center, Jacksonville.

    YAC EVENTS

    INDUSTRY EVENTS

    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.