• FOLLOW US ON:
    linkedin twitter facebook youtube
    for your eyes only
    Agency News | Industry News | New Members | Calendar | Events | Classes
    MAY 28, 2015 | VOLUME LXIV, ISSUE 18 
    PAST ISSUES

     

    ADVOCACY
    Coming soon: Workforce Development Summit
    College interest in insurance specialization programs is surging with passage of HB 1133, which creates a college-to-career pathway for associate-degree-seeking students who pursue insurance careers. With momentum on our side, FAIA will host a Workforce Development Summit on Thursday, Aug. 13 in conjunction with Planning Session. Agency owners, company executives, InVEST volunteers, state college representatives, and other interested stakeholders will gather to discuss how best to take advantage of this opportunity to increase the number of qualified employee prospects for our industry. Read Jeff Grady’s blog to learn more about this important initiative.
    2015 Legislative Summary now available
    Each year, FAIA provides a line-by-line analysis of legislation and how it affects the insurance industry. This year is no different, except that you don’t have to download a PDF to read it, and you can browse by category and subject. Check out the 2015 Legislative Summary and let us know what you think.


     

    Bill clears way for 4-40 license holders to receive commission
    Recently passed HB 1133 clarifies that a customer service representative can receive or share in commissions or bonuses based on production as long as his or her compensation does not exceed 50 percent of the total salary. David Thompson provides some examples of how this might work in his blog.
    Citizens’ updates: July takeouts and construction classification changes
    With hurricane season just days away, Citizens last week announced a round of July takeouts. Also in July: Agents writing commercial wind-only policies will need to select certain construction classifications when writing or renewing business in the PolicyCenter. Read the CPIC blog for the latest updates, and join the lively conversation.
    Supreme Court: Citizens has immunity from bad faith lawsuits
    The “willful tort” exception to Citizens' immunity from suit does not allow Citizens to be sued for the statutory civil remedy provided in the bad faith statute. That’s ruling of the Florida Supreme Court in the long-running case of Citizens Property Insurance Corporation v. Perdido Sun Condominium Association. Read more about it in Laura’s Legal Brief of the Week.
    EDUCATION
    Revalue contractor’s equipment every 3–5 years
    A client buys a new piece of heavy equipment for $50,000. You add it to the existing floater at the purchase price and there the policy sits, year after year. Five years later, the equipment is stolen and never recovered. How much do you think your customer expects to receive come claims time? Read Education Consultant Keith Jones’ blog to find out.
    Help your customers make insurance part of their hurricane plan
    Many Floridians have a plan for what to do when a hurricane threatens, but for far too few, insurance is not a part of that plan. Now is the time to review policies with your customers to make sure they understand what’s covered (and what’s not). Now also is the time to develop a plan for your business, because when a storm strikes, you are the first person those affected will call in its aftermath. Visit FAIA’s online Disaster Command Post for planning tools. While you’re there, volunteer for the Buddy System (agents helping agents get through the aftermath).
    CONVENTION
    Five-Hour Update: One class, two CE options
    FAIA is offering the Five-Hour Update class on Wednesday, June 17, 1:00–6:00 p.m. for those who need the class…but if you don’t need the Five-Hour Update CE, but would like a rundown of bills passed during this year’s legislative session, we’ve got you covered. The class will cover the legislative section in the first two hours, and that content has been submitted separately for CE. So two hours or five hours (but not seven!) are available to attendees. See all Breakout Sessions.
    YAC countdown to Convention is on
    Between the golf tournament, reception, and invitation-only luncheon, Young Agents Council members’ opportunities for networking (and fun!) are abundant at this year’s Convention. Read YAC Chair Karyn Roeling’s blog for the full lineup..
    TRUSTED CHOICE
    Life and health carriers eligible to join Trusted Choice
    Trusted Choice recently opened its membership to life and health carriers. To join, carriers must have at least an A- rating from a major rating provider and a sound reputation in the industry; fees will be determined by the premiums written through independent agents. If your life and health carriers meet these criteria, contact Trusted Choice Company Relations Manager Jenner Gohr.
    MEMBER AGENCY NEWS

    AssuredPartners, Inc., Lake Mary: appointed D. Michael Sherman as vice chairman.

    John M. Pollock, CIC, BB&T - Oswald Trippe and Company: named to The Florida Council of 100.

    Brown & Brown, Inc., Daytona Beach: celebrated 75 years in the insurance industry. J. Hyatt Brown and J. Powell Brown were featured in the Daytona Beach News-Journal.

    Baldwin Risk Partners, LLC, Tampa: appointed Kris Wiebeck as chief financial officer.

    Celedinas Agency, Inc., Palm Beach Gardens: was featured in the Miami Herald.

    IN MEMORIAM

    FAIA extends it condolences to the family, friends, and colleagues of the following:

    David Alan Amberg: The president of Amberg Insurance in Punta Gorda passed away May 20. A veteran of the U.S. Army, David was passionate about his family and spending time boating, fishing, and golfing. A memorial service will be held on Friday, May 29 at the first United Methodist Church in Punta Gorda. Read more about his life in the Punta Gorda Sun Herald.

    William Stevens Howell: A native Floridian, he left to serve in the Army Air Corp during WWII and attend Duke University. He spent his life in service to others, as mayor of Atlantic Beach for 26 years and, later, as councilman for the city, in addition to participating in many other organizations. Read more about his life in the Florida Times-Union.

    Richard F. Oen: Born in Cleveland, OH, he spent most of his life in the Palm Beach area, where he founded Palm Beach Insurance Central and was president of the Palm Beach Insurance Board. A celebration of his life will be held on May 28 in West Palm Beach. Read more about his life in the Palm Beach Post.

    James Michael Turner: The CFO of Associates Insurance Agency in Tampa died unexpectedly May 24. A native of Virigina, he grew up in Plant City. His love of cooking and travel and generous spirit will be missed by all who knew him. Read more about his life in the Tampa Bay Times.

    INDUSTRY NEWS

    Orchid Underwriters Agency, Inc.: appointed Lynda Butler as CFO.

    Patriot National, Inc.: acquired Candid Investigations Services, LLC, and Brandywine Insurance Advisors.

    State Auto Financial Corp.: elected Michael E. LaRocco as a director of the company. He will succeed Robert Restrepo as president and CEO.

    NEW AGENCY MEMBERS

    Brightway Insurance, Inc.: Melbourne

    Clegg Insurance Advisors, LLC: Clearwater

    Gross Insurance Agency: Ft. Scott, KS

    Insurance Express, LLC: Ft. Lauderdale

    Movement Insurance: Tampa

    Prime Insurance Alliance, Inc.: Miami

    Wiglesworth-Rindom Insurance Agency, Inc.: Delray Beach

    Wilde Insurance Services: Sarasota

    NEW ASSOCIATE MEMBERS

    Sitkins Group, Inc.: Ft. Myers

    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

    • IIABA Fall Leadership Conference: Sept. 30–Oct. 4, 2015; The Roosevelt New Orleans, New Orleans, LA.
    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.