Florida Agents Under Pressure

Florida insurance agents are under pressure to place property risks with the public insurer Citizens but they must also explain the risks of Citizens and explore private markets in what is a very emotional situation. FAIA’s Jeff Grady offers the agents’ viewpoint from the Demotech/Insurance Journal Florida Private Sector Summit.

Want to Add this Video to Your Website?
Embed Video: 
Rate this Video
1 Star2 Stars3 Stars4 Stars5 Stars
(15 votes, average: 4.27 out of 5)
Loading ... Loading ...

User Comments

  1. Tom Zucco

    October 12, 2007 at 11:28 am

    Best softball game I’ve watched in years.

  2. Helen

    May 26, 2009 at 6:13 pm

    Voluntary market BULL they aren’t finacially viable. How much do you think 10 million dollars would cover after a Hurricane.
    Independent agents have no coverage under their E & O coverage for insolvency or bankrupcy of the companies they represents Check it out! If the PUP companies do not have money to back up their promise to clients based on their little to no assets then why not go to Citizen’s. Govenor Crist/Madoff will go to Obama for relief. There is no financially viable voluntary market as soon as or if State Farm leaves.

    Hey Bad Faith money does not go to the Insured/client.

    Independents should be ashamed of themselves for not fighting during the past legislative session to fight for HB 1171 Freedom of Choice.
    Govenor Crist will Hang Kevin McCarty out to dry when this all hits the Fan. Just wait and see its happening already.

  3. Helen

    May 26, 2009 at 6:27 pm

    The max assessment is $1400 per year.
    He is hedging saying “might see in voluntary market”
    Again E&O does NOT cover bankrupcy or insolvency of the voluntary market companies.
    so a Insured/client is SOL after a storm.
    I would believe that President Obama will come to the aid of “Citizens” the Florida State run insuring company before the private insurers afer the Bank and Auto bail out.
    Sometimes we dont really know whats good for us.
    I am sure we did not like everything our Mom and Dad told us to do or eat or did not let us do or say. But hey looking back they were right. They knew from experience what was good for us and what wasn’t.

Post a Comment

Similar Videos

Recently Added

ADVERTISEMENT

Featured

  • screenshot
     

    Young Agent, Young Owner

    Amy Bryan, owner of Bryan Insurance Agency in New Windsor, N.Y. opened her own independent insurance agency at the age of 22. She had no carrier appointments and no customers when she launched her agency in 2004, ut it didn’t take long for Amy to attract quality carriers and customers. Now, at just 28 [...]

  • screenshot
     

    Creating Online Connections

    To the 77 percent of independent insurance agencies that don’t have a social media presence, creating a profile and trying to form “friendships” via a computer can be daunting. Once you get online, however, tools such as blogs, Facebook, LinkedIn and RSS feeds actually can help an agency build more thoughtful relationships with other agents [...]

  • screenshot
     

    London Calling

    London Based specialty insurer Hiscox, which launched a significantly expanded US presence in 2006, saw its gross profits reach record levels of 481 million dollars last year. Recently, the company’s chief underwriting 0fficer, Rob Childs, sat down to discuss the profitability for the company and what he sees as the outlook and obstacles for [...]

Popular

  • screenshot
     

    Insurance Risks at Gatorland Theme Park

    Opened in 1949, Gatorland is central Florida’s oldest theme park. The 110-acre attraction is home to a multitude of animals, including the powerful alpha predators that are the park’s namesake.
    With over 100 employee roles, ranging from custodial and food handling to gator wrestling, the potential for injury is great; however, the incident of harm at [...]

  • screenshot
     

    From Vine to Wine

    Don Reha is the winemaker for Orfila Vineyards and Winery in Escondido, California where he oversees the winemaking process from vine to bottle. In this episode of Watching the Risks, Reha talks about insuring and protecting the product and business income through its various stages.

  • screenshot
     

    Fast Food Chain Battles Fraudulent Claims

    Based in San Diego, Jack in the Box Inc. was founded in 1951 and is the first major fast-food chain that started as a drive-thru. Today, it has approximately 43,000 employees with more than 2,200 quick-serve restaurants in 18 states. In this episode, Jack in the Box deputy general counsel of 12 years, [...]

Random