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7/22/2020 Agents Confidential: BI legal ruling, carrier notices, and more
https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODAxOTE5NCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 1/5
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FLORIDA ASSOCIATION OF INSURANCE AGENTS
for your eyes only
JULY 23, 2020 | VOLUME LXIX, ISSUE 22
Michigan Court Rules in Favor of Insurer inOne of First U.S. COVID-19 BusinessInterruption Coverage Cases
Vice President &General Counsel
Laura Pearce
A Michigan Circuit Court ruled in favor of the insurance carrier in acase where the restaurant owner filed a claim to cover businessincome loss due to the coronavirus lockdown. The court explained itsruling by stating that coverage under the policy is provided for actualloss of business income sustained while operations are suspended,but the suspension must be caused by the direct physical loss of ordamage to property.
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The Summer eSummit ends today, but we've added a bonus day Friday to make up anysessions you may have missed! Registration is free for members, and there's still time toearn CE credit and gain valuable insights from industry leaders about the Floridainsurance market and more. Register today.
MARKET ACCESS
7/22/2020 Agents Confidential: BI legal ruling, carrier notices, and more
https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODAxOTE5NCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 2/5
Vice President &FMS Managing
Director Dave Burt
Modern USA Agent License Appointments AreNo Longer Valid
You may have received a notification stating that your renewalappointment with Modern USA was not paid. As you are aware,Modern USA Insurance Company merged into American TraditionsInsurance Company on May 31, 2018. All Modern USA policies havelikely successfully renewed onto ATIC paper and previousappointments with the Florida Department of Financial Services arenot being renewed since Modern USA no longer exists. Please be advised that you should still have an active appointmentwith American Traditions Insurance Company since they are the
carrier that will continue to provide coverage for policyholders. To check yourappointment status, follow the link below and search your name or license number.
CHECK APPOINTMENT STATUS
CITIZENS UPDATE
Cancellations and Nonrenewals
Director ofEducation and
WorkforceDevelopment Dave
Newell
Citizens recently issued an important bulletin regarding COVID-19Cancellations and Nonrenewals, effective August 15, 2020. Pleaseread the bulletin very carefully and share with your staff.
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TECHNOLOGY
Remote Staff? Yes, You Can Manage YourCybersecurity.
Having employees that work remotely today has become a popularoption for many of our members during the COVID-19 crisis. It’sconvenient and cuts out the commute, and, in many cases, has provento be more efficient.
7/22/2020 Agents Confidential: BI legal ruling, carrier notices, and more
https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODAxOTE5NCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 3/5
Vice President &Chief Information
Officer PaulPeeples
As of the end of June, many employees are still working from home,and most say they would like to continue that practice. As is the casewith any rapid change, remote work is posing some serious tech andcyber challenges to businesses that are relying on it in the short andlong term. Fortunately, there are steps you can take to cut the risks toyour business and your remote workers, and our endorsed partnerVineIT is here to help members with these challenges.
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YOUNG AGENTS
Point, Click, and Help Some Kids!
Director of YoungAgents Council
Taylor Hendrickson
We’ve all seen 2020 impact more people than ever. Kids are noexception, and they need your help. The global pandemic has raised many questions about going back toschool, but a few things are certain: more families are strugglingfinancially, and students sharing supplies is not an option. What can you do? GREAT QUESTION! Amazon wish lists have madeit easier than ever to get the necessary supplies to the right places.
READ MORE
7/22/2020 Agents Confidential: BI legal ruling, carrier notices, and more
https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODAxOTE5NCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 4/5
NEW MEMBERS
AGENCY MEMBERS
Asset Protection Partners of Central Florida, LLC: Belle IsleClearfield Insurance Agency, LLC dba Academy Insurance: KissimmeeComplete Carrier Coverage, LLC dba Road Ready Insurance: Ft. LauderdaleGES Florida Insured, LLC: DebaryH2H Insurance, LLC: RiverviewNational Marketing Property & Casualty, Inc.: DoralThe Experts Association, Inc.: Naples
HEADLINES
MEMBER NEWS
Brightway Insurance, Inc., Jacksonville: named one of the “50 Best Recession-Proof Businesses to Start in 2020” by Franchise Business Review.The Browning Agency of Ponte Vedra, Inc., Ponte Vedra: announced apartnership with Liberty Company Insurance Brokers.
INDUSTRY NEWS
Allianz Global Corporate & Specialty SE: restructured its North Americanteam.Lloyd’s of London: announced plans to exit the U.S. admitted market.
7/22/2020 Agents Confidential: BI legal ruling, carrier notices, and more
https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODAxOTE5NCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 5/5
Neptune Flood: won the “Impact Award” from the Novarica Insurance TechnologyResearch Council.State Automobile Mutual Insurance Company: extended President and CEOMike LaRocco’s contract for an extra 12 months.
CALENDAR OF EVENTS
FAIA EVENTS
July 21–23, 2020: FAIA’s eSummit; Virtual Event.
YOUNG AGENT EVENTS
July/August 2020: SmartStart4Kids.
INDUSTRY EVENTS
Sept. 9–12, 2020: IIABA Fall Leadership Conference; Virtual Event.
A publication of the Florida Association of Insurance AgentsPO Box 12129, Tallahassee, FL 32317-2129850-893-4155 | Visit us online
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All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted inany form or by any means-electronic, mechanical, photocopying, recording, or otherwise-without the priorwritten permission of the Florida Association of Insurance Agents. FAIA does not give legal advice. Agents areurged to seek the counsel of a licensed Florida attorney familiar with the Florida Insurance Code.