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    Agency News | Industry News | New Members | Calendar | Events | Classes
    MAY 26, 2016 | VOLUME LXV, ISSUE 19
    PAST ISSUES
    ADVOCACY
    Webinar to address DOL overtime rule’s impact on agency owners
    The new Department of Labor rule that increases the salary threshold an employee must earn to be classified as exempt from overtime will absolutely have a major affect on insurance agencies. Join FAIA General Counsel Laura Pearce, attorney Michael Spellman, and IIABA attorney Jennifer Web at 10:00 a.m. (eastern) on June 8 for an overview of how the law will affect agency operations and what steps agency owners can take now to ensure compliance when the rule takes effect December 1. Register for the webinar.
    CEO snapshot: New DOL rule; workers’ comp and AOB legislative landscape
    Change often comes from the outside in, and that’s certainly the case with the insurance industry these days. Whether it’s coming from Florida’s Supreme Court (workers’ comp), the federal government (Department of Labor rule), or the residual market (new agency agreement), change is coming and it necessarily shifts your association’s focus. Read FAIA CEO Jeff Grady’s blog for the big picture.
    Workforce initiative gaining momentum
    The workforce initiative that started with passage of insurance careers legislation in the spring of 2015 is moving ahead in leaps and bounds. Just a year later, a dozen state colleges are offering or soon will offer a two-year risk management/insurance degree program, and FAIA’s new social media and digital advertising campaign laser focused on attracting students to those programs. The message-tested campaign encourages students and those looking for a new career to take “the short road to long-term career success.” Find out what comes next, and how you can get involved.
    News from the Citizens Agent Roundtable
    If you have even one policy with Citizens, you should read Dave Newell’s latest blog. Read it even if you don’t, because odds are good that the voluntary market will follow Citizens’ lead on establishing a managed repair program to curb assignment of benefits abuse. Other updates cover Coverage B increases and Agent of Record requests.
    EDUCATION
    Do you recommend EPLI coverage? You should
    Employment practices liability claims can devastate a small to medium-size business, and recent data shows a spike in EPLI litigation—specifically, for claims of retaliation. Read Keith Jones’ blog to learn how to prevent retaliation employment claims.
    IRMI Agribusiness Conference coming to Tampa in July
    Learn about the farm and agriculture insurance industry, learn best practices for managing farm risks, or take classes toward the Agribusiness and Farm Insurance Specialist certification at “AgriCon,” July 18–20 at the Marriott Waterside in Tampa. Learn more and register.
    TECHNOLOGY
    Running unsupported software puts your data and your business at risk
    Having the right software is key to running a business, but what happens when your software provider stops making and supporting the software? You expose your data to cyber attacks by unwittingly removing a critical layer of virus protection. Read Paul Peeples’ blog to learn how you can protect your data—and your business.
    MEMBER AGENCY NEWS

    Brown & Brown, Inc., Daytona Beach: announced the acquisition of Morstan General Agency, Inc.

    We Insure, Jacksonville: announced the agency group has bought back its stock and is going private.

    Nenezian & Associates Insurance Agency dba NSI Insurance Group, Miami Lakes: founder George Nenezian announced his retirement.

    INDUSTRY NEWS

    Aspen Insurance: announced Stephen Postlewhite as CEO. He succeeds Mario Vitale, who is retiring.

    Assurant, Inc.: launched Assurant Primary Flood Insurance for Florida customers.

    Edison Insurance Company: launched an online quoting system offering specific premium quotes for homeowners insurance in Florida.

    The Hanover Insurance Group, Inc.: named Joseph M. Zubretsky president, CEO, and director effective June 20. He succeeds Frederick H. Eppinger, who is retiring.

    Progressive Insurance: announced Tricia Griffith promoted to CEO effective July 1. She succeeds Glenn Renwick, who is retiring.

    NEW AGENCY MEMBERS

    Classic Insurance Group: Pensacola

    Great Wall Insurance: Sunrise

    GuideWell: Jacksonville

    KPS Financial: Coral Gables

    M&A Property and Casualty, LLC: Juno Beach

    Shoff Insurance Advisors, Inc.: Melbourne

    Stephen Tobias, LLC dba Trinity Insurance Services: Trinity

    Velocity Risk Underwriters: Nashville, TN

    Wilco Group of Insurance: Tamarac

    NEW ASSOCIATE MEMBERS

    Leak Doctor, Inc.: Orlando

    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

    • AgriCon: July 18–20, 2016; Marriott Waterside, Tampa.
    • IIABA Fall Leadership Conference: Sept. 7–11, 2016; Hyatt Regency, Chicago, IL.
    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.