Monthly Archives: <span>March 2010</span>

Insurance Agents Fined for Not Having Written Security Plans

Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. In the first case, the Virginia Bureau of Insurance fined an agent $1,000 in September for not having a written …

Beta Testing

I’m not sure what to do.” One of the primary reasons why insurance agents don’t jump into the world of social media — such as blogging, Facebook, Twitter, LinkedIn, YouTube, and the myriad other Web-based avenues for reaching out to …

Business Moves

Northern Capital Florida’s Northern Capital Insurance Co. did not come up with the capital it needed to retain its Financial Stability Rating of “A, Exceptional” from Demotech, Inc. by the deadline, so the ratings firm withdrew the rating on Feb. …

Aon Founder Comes Out of Retirement to Launch Global Wholesaler

The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was unveiled in December. Pat Ryan announced …

Declarations

Tallahassee Kaleidoscope “It’s like a kaleidoscope. You think you see (the solution) one minute and the next minute it’s different.” —Rep. Bill Proctor, a St. Augustine Republican, speaking on the state’s troubled property insurance marketplace. Proctor is again sponsoring legislation …

People

The Main Street America Group announced that Steve Peeters, who most recently was president and chief operating officer of Jacksonville, Fla.-based Zurich Insurance Services, has joined The Main Street America Group as vice president, commercial lines product. Peeters will be …

Tennessee Eyes Insurance Break for Senior Drivers

Legislation that would give senior drivers in Tennessee a discount on their insurance for taking an online driving course is on Gov. Phil Bredesen’s desk awaiting his signature. The measure, sponsored by Republican Sen. Mike Faulk of Kingsport and supported …

Focus on Florida Surplus Lines

Florida Surplus Lines Premiums/Policy Count 2009 2009 2008 2007 2006 2005 Aggregate Premium $3.8 billion $4.2 billion $4.8 billion $4.7 billion $3.7 billion Policy Count 682,221 724,158 745,714 789,101 781,111 Top Florida Surplus Lines Coverages by Premium Amount in 2009 …

Hurricane Forecasters Promise Earlier Warnings

The National Hurricane Center has vowed it will begin issuing storm watches and warnings about half a day sooner in the biggest change to its warning system in decades. When a storm is approaching land, forecasters will now send watches …

Bring Back the New York … or Florida … Insurance Exchange?

New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market, which lasted for several years the last time it was tried. Insurance Superintendent James Wrynn said the exchange would help fill …