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Agents Confidential #21-LXVI


   

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AUGUST 16, 2017 | VOLUME LXVI, ISSUE 21 
Florida’s 4-40 license: Useful, burdensome, or both?
An article in the recent DFS Insurance Insights newsletter, “Customer Representatives and the Supervising Agent – Reminder, caused quite a stir among agents. The article inadvertently included a reference to a $2,500 fine for first incident non-compliance. The online version no longer includes that reference, and the Department of Financial Services staff assured FAIA they are not proactively seeking to fine agents.

The calls got us thinking about the unique-to-Florida 4-40 license. While it is among the quickest and least expensive routes for agency operators to get a new hire licensed, writes Kyle Ulrich in his latest blog, the license comes with compliance headaches, limitations, and liabilities. Read Kyle's blog and let us know what you think. 

ICYMI: Insurance regulator approves more Citizens takeouts for October 
Safepoint Insurance gets the OK to remove up to 35,000 personal residential policies, while Southern Oak is approved to remove up to 15,000. Read Dave Newell's "CPIC" blog for details.
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Capitol Days registration now open
The 2018 Legislative Session starts in January. So, please don't wait to book your room for FAIA's Capitol Days, January 23–24 at the DoubleTree in Tallahassee. Registration is also open for the annual advocacy tour-de-force. Learn more about Capitol Days (and its related Political Summit for young agents).
 
WORKFORCE DEVELOPMENT
Peek inside the evolving world of sales
Today's successful sales professional can no longer expect to show up, fill the room with personality, and win based on a persuasive presentation of features and benefits. Through its partnership with IIABA, employee-assessment firm Caliper is making a free white paper available to agents who want to learn more about the evolving world of sales, Caliper's Research into sales job models, and the competencies required for success in distinct sales disciplines. 
YOUNG AGENTS COUNCIL
It’s not too late to donate school supplies, money
Young agents are in the waning days of SmartStart4Kids, their annual school supply drive, which gives students in need across the state tools to be successful in school. Read Young Agents Council Director Taylor Hendrickson’s blog to learn how you can get involved, where to drop off donations, and what events are planned.
EDUCATION
Damages to Premises Rented to You, part III
A 1998 enhancement to the standard CGL form grants a second exception to Exclusion j. – Damage to Property (in addition to the Damage to Premises Rented to You), which applies to short-term rentals of seven days or less. Keith Jones has the details.
IN MEMORIAM
Raymond K. Hampson
FAIA offers its condolences to the family, colleagues, and friends of Ray Hampson. He passed away on July 28. Born in Kentucky, Ray initially came to Florida to work on the Florida East Coast Railroad, but changed careers in 1960 when he obtained his insurance license. He and his wife Betty opened Ray Hampson & Associates Insurance Agents. Ray was a lifelong member of the Shriners, American Legion, Elks, and Moose organizations, and was a commander of the local American Legion for several years. Read more about his life.
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NEW AGENCY MEMBERS

All Risk Insurance, Inc.: Ft. Walton Beach

Great South Insurance Agency, LLC: St. Petersburg

JEM Insurance Agency, Inc. dba Blue Ocean Insurance: Oakland Park

Sunshine Property & Casualty: Coral Springs

Yang Insurance Agency, LLC: Gainesville

NEW ASSOCIATES

FBCI Fund: Alachua

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MEMBER AGENCY NEWS

Baldwin Risk Partners, Tampa: named Gulfshore Business Magazine’s “Best of Business” winner for the Insurance Brokerage category; recognized on the Tampa Bay Business Journal’s 2017 Fast 50 list; and ranked on the Insurance Journal’s 2017 Top 100 Property/Casualty Agencies report.

Rep. James E. Boyd, AAI, Boyd Insurance & Investment Services, Inc.: named chairman of the House Commerce Committee.

Marsh & McLennan Agency, LLC: named Bill Jeatran president and Christina Mott chief operating officer.

Rogers, Gunter, Vaughn Insurance, Inc.: has been acquired by Hub International, Ltd.

Seeman Holtz Property & Casualty, Inc.: acquired the R. Wine Insurance Agency and Buywise Insurance Agency, both in Miami.

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INDUSTRY NEWS

All Risks, Ltd.: launched a new user interface on its personal lines website, QuickIns.Com, to make online quoting easier.

Heritage Insurance Holdings, Inc.: signed a definitive agreement to acquire NBIC Holdings, Inc,, the parent company of Rhode Island-based Narragansett Bay Insurance Company.

Marsh: promoted Lou Ann Layton as southeast zone leader.

Travelers Cos, Inc.: elected CEO Alan D. Schnitzer as its chairman of the board. He succeeds John Dasburg.

U.S. Risk Insurance Group, LLC: acquired Strategic Insurance Underwriters.

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MARK YOUR CALENDARS
FAIA EVENTS
LOCAL BOARD EVENTS
Many local boards hold monthly or quarterly meetings. Visit our website for a schedule.
YOUNG AGENTS COUNCIL EVENTS
INDUSTRY EVENTS
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