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    OCTOBER 22, 2014 | VOLUME LXIV, ISSUE 4
    PAST ISSUES
    ADVOCACY
    More agents find reasons to decline takeout offers
    Agent frustration over the November takeouts is palpable, and with good reason. Fourteen carriers are vying to remove thousands of policies from Citizens, many with their eyes on the same policies. Policy forms and service agreements differ among the carriers, and little is known about some. In his latest blog, Jeff Grady shares what we know, and what we don’t know, about this latest round of takeouts.
    Review of Homeowners Choice limited producer agreement now online
    FAIA General Counsel Laura Pearce has reviewed the limited producer agreement for Homeowners Choice—one of nine carriers approved to remove more than 210,000 policies from Citizens during the December takeout. This agreement includes language that could put ownership of expirations at risk, so review it (and all agreements) carefully.
    David Thompson reviews People’s Trust Insurance Company’s HO-3 policy
    In the fourth installment of an ongoing series of policy reviews, David Thompson compares the People’s Trust HO-3 form to the standard ISO form. For an index of policy forms reviewed so far, visit the Property Markets Resource Center.
    Early voting starts this week: So, vote!
    FAIA controls two political action committees (PACs) that make contributions to candidates who are supportive of insurance agents and small business issues. Contributions are carefully considered by PAC board members, writes Kyle Ulrich in his latest blog, who spend hours reviewing candidates and races to make informed decisions. See the complete list (PDF) of FAIA PAC supported candidates on the general election ballot.
    FAIA, FAHU form Florida Health Insurance & Employee Benefits Coalition 
    FAIA has joined forces with the Florida Association of Health Underwriters (FAHU) to create a unified voice for health insurance and employee benefits agents in Florida. Learn more. FAIA also is ramping up its educational offerings for employee benefits agents, and will host the first annual Employee Benefits Conference May 11–12, 2015, at the Hilton Orlando Bonnet Creek.
    EDUCATION
    Stating ‘full replacement cost’ could cost you your license
    Yet another reason to stand firm against lenders who demand that evidence of insurance must include “100 percent replacement cost”: An agent who states such, when the policy does not support that statement, has in fact misrepresented the policy and committed an illegal act. Read more and find the resources you need to hold lenders accountable.
    The most common causes of E&O claims
    Poor training, inconsistencies, and time constraints are just a few of the most common causes of E&O exposure for agents. Identify the root causes that lead to claims (many of them common to all industries) by reading Laura's Legal Brief of the Week.
    Best Practices study: Independent agency system remains stable, strong
    The 2014 Best Practices study show agencies continue to grow and build their business while increasing profitability, both key measures of agency value. Slowing revenue growth, however, is putting pressure on profit margins. Learn more about the study’s key findings.
    TRUSTED CHOICE
    How do consumers find the Trusted Choice website?
    When it comes to driving website traffic, there’s not just one method, but many, including content marketing, search engine optimization, cross-linking, and online advertising. Visit Agency Nation, the blog site for TrustedChoice.com, to learn how customers find you, and why, given the resources being poured into this effort, you need an Advantage subscription.
    Freedom of Choice campaign ads available for customization
    Trusted Choice’s Freedom Campaign materials are available for agency customization…at no charge to the agency. Log in to the Trusted Choice agents’ website using your Big “I” login information, then look for “Freedom Campaign 2014” for an overview of the files and how to access them. Then, contact Kiescha Cherry to place your request. 
    YOUNG AGENTS
    Current leader on why you should become a future one
    Karyn Roeling, chair of the Young Agents Council, has long been an FAIA member, but she was not always an active one. Her involvement in the Florida’s Future Insurance Leaders (FFIL) program changed that. Read the YAC blog to find out why she got involved and what she gained from the experience. And as a reminder: The FFIL application deadline is October 30.
    INDUSTRY STANDARDS
    FAIA members receive huge discount on ACORD Implementation Forum
    ACORD Standards implementers from every corner of the insurance industry will gather October 26–29 at the Marriott Harbor Beach Resort & Spa in Fort Lauderdale for the 2014 ACORD Implementation Forum. Registration for the forum is only ninety-nine dollars for FAIA members—a seven-hundred-dollar savings. Learn more and get the promo code.
    ASSOCIATION BUSINESS
    Final membership renewal notices mailed out
    FAIA’s membership renewal period is quickly coming to a close. Thank you to members who have already renewed! If your agency is one of the stragglers, please know that to continue your membership and access to products and services that come with it, payment must be received by November 1. Renew online.
    MEMBER AGENCY NEWS
    Baldwin Krystyn Sherman Partners, Tampa: expanded its office and plans to hire additional personnel. The agency also was named a Best Independent Agency to Work For by the Insurance Journal.

    Hatton Insurance Agency, Bartow: acquired by Ewing, Blackwelder & Duce Insurance, Inc.

    Kuykendall Gardner, LLC, Winter Park: acquired by Hub International. Company President Jack Kuykendall will serve as chair of Hub Florida’s business.

    McGriff-Williams Insurance, Gainesville: named the Overall Best Independent Agency to Work For by the Insurance Journal.

    Raymond Jones & Associates dba JAG Insurance Group, Coral Gables: received the “Insurance Services Firm of the Year” award from the Latin Builders Association.

    Tara Sanatan, AIAM, The Plastridge Agency, Inc.: received the third-quarter CIC scholarship from the National Alliance for Insurance Education & Research.

    IN MEMORIAM
    Roger Ovide Bouchard: FAIA extends its condolences to the family and friends of Roger Bouchard, who peacefully passed away October 19. Roger founded Roger Bouchard Insurance in 1949 and was proud of the legacy he built. Read about his life in the Tampa Bay Times.
    INDUSTRY NEWS
    AmTrust Financial Services: closed its purchase of Comp Options Insurance Co.

    IIABA: presented Best Practices Awards of Excellence to Central Insurance Companies, EMC, and Travelers Insurance Company.

    Marsh & McLennan Companies: announced Courtney Leimkuhler will succeed Paul Malvasio as chief financial officer, effective March 1, 2015.

    Town of Shalimar: flood zone map determinations are available for property that may be located in a FEMA Special Flood Area. Certificates of Elevation also are available. Call 850-651-6925 or visit Shalimar Town Hall, 2 Cherokee Road.

    NEW AGENCY MEMBERS
    Bellwether Insurance Group (BIG): Delray Beach

    Deliverance Tax & Insurance Services, Inc.: Sanford

    Laake Financial Services, Inc.: Clearwater

    Nsure, Inc.: Destin

    Raymond Jones & Associates dba JAG Insurance Group: Delray Beach

    Shaefer Insurance Agency: Port Charlotte
    NEW ASSOCIATE MEMBERS
    Conifer Holdings, Inc.: Jacksonville
    CALENDAR OF EVENTS
    FAIA EVENTS

    LOCAL BOARD EVENTS

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

    YAC EVENTS

    Reminder: Renew your YAC membership by Nov. 1

    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.