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FAIA and Industry News

This Week in Insurance: April 27–May 1, 2015

(This Week in Insurance) Permanent link

Monday, April 27, 2015

  • Florida House of Representatives, Session, 1:00 p.m., Tallahassee. 
  • Florida Senate, Session, 1:00 p.m., Tallahassee. 

Tuesday, April 28, 2015

  • Florida Senate, Session, 10:00 a.m., Tallahassee. 
  • Florida House of Representatives, Session, 11:00 a.m., Tallahassee. 
  • Florida Workers’ Compensation JUA, Safety Committee, 11:00 a.m. To participate in the teleconference meeting, contact Kathy Coyne at (941) 378-7408. 

Wednesday, April 29, 2015

  • Florida Senate, Session, 10:00 a.m., Tallahassee. 
  • Florida House of Representatives, Session, 11:00 a.m., Tallahassee. 

Thursday, April 30, 2015

  • Florida Senate, Session, 10:00 a.m., Tallahassee. 
  • Citizens Property Insurance Corporation, Board of Governors, 10:30 a.m. To participate in the teleconference, dial 888-942-8686 and use Conf ID: 5743735657#. 
  • Florida House of Representatives, Session, 11:00 a.m., Tallahassee. 

Friday, May 1, 2015

  • Florida Senate, Session, 10:00 a.m., Tallahassee. 
  • Florida House of Representatives, Session, 11:00 a.m., Tallahassee. 

Florida Young Agents Council collects two national awards

(Member News, Young Agents Council, Leadership) Permanent link

WASHINGTON, D.C.—Florida’s Young Agents Council (YAC) received two top honors at the Independent Insurance Agents & Brokers of America (IIABA) Annual Young Agents & InsurPac State Chairpersons Legislative Luncheon. The event, held Wednesday, April 22, event is held in conjunction with the annual Big “I” Legislative Conference.

Brian ScarboroughFlorida InsurPac Chair and FAIA Vice Chair Brian Scarborough received 2014 InsurPac Young Agent Award for his enthusiasm and commitment to the cause.

“Brian lit a fire under agents of all ages and orchestrated a $12,000 increase in PAC receipts in the last four months of the year,” said Veronica Della Porta, Big “I” InsurPac chair and Florida national director. “If that wasn’t enough, he quarterbacked a $15,000 PAC-a-thon and has gone beyond the call of duty to help the Sunshine state top the fundraising charts and break records.”

Florida also received the Young Agent National Championship Award, which honors the state whose young agents donate the most money to InsurPac. Young agents from Florida contributed $11,179.

This Week in Insurance: April 20–24, 2015

(This Week in Insurance) Permanent link

Tuesday, April 21, 2015 

  • Florida House of Representatives, Session, 11:00 a.m., Tallahassee. 

Wednesday, April 22, 2015

  • Florida House of Representatives, Session, 9:00 a.m., Tallahassee. 
  • Florida Senate, Session, 10:00 a.m., Tallahassee. 

Thursday, April 23, 2015

  • Florida House of Representatives, Session, 9:00 a.m., Tallahassee. 
  • Florida Senate, Session, 10:00 a.m., Tallahassee. 

Friday, April 24, 2015

  • Florida House of Representatives, Session, 9:00 a.m., Tallahassee. 
  • Florida Senate, Session, 10:00 a.m., Tallahassee. 
  • Florida Workers' Compensation JUA, MAP Committee, 3:00 p.m. To participate in the teleconference, contact Kathy Coyne at (941) 378-7408. 

This Week in Insurance: April 13–17, 2015

(This Week in Insurance) Permanent link

Tuesday, April 14, 2015 

  • Florida Cabinet, 9:00 a.m., The Capitol, Tallahassee. 
  • Florida Senate, Session, 10:00 a.m., Tallahassee. 

Wednesday, April 15, 2015

  • Florida House of Representatives, Session, 10:30 a.m., Tallahassee. 

Thursday, April 16, 2015

  • Florida House of Representatives, Session, 10:30 a.m., Tallahassee. 

Five Reasons It's Time to Say Goodbye to Internet Leads

(Trusted Choice) Permanent link

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This Week in Insurance: April 6–10, 2015

(This Week in Insurance) Permanent link

Tuesday, April 7, 2015 

  • Citizens Property Insurance Corporation, Board of Governors teleconference, 11:30 a.m. To participate, dial 888-942-8686 and use participant code 5743735657#. 
  • Florida Senate, Banking and Insurance Committee, 1:30 p.m., Tallahassee. 

Wednesday, April 8, 2015

  • Florida House of Representatives, Session, 1:00 p.m., Tallahassee. 
  • Florida Senate, Session, 4:00 p.m., Tallahassee. 

Thursday, April 9, 2015

  • Florida House of Representatives, Session, 1:00 p.m., Tallahassee. 
  • Florida Senate, Session, 2:00 p.m., Tallahassee. 

InsurPac: Insurance for Your Livelihood

(Member News, Leadership) Permanent link
Brian Scarborough  
By Brian Scarborough
Florida InsurPac Chair 

As the federal government exercises more and more power over small business, the future of our industry depends more and more on agent involvement in the political process. The U.S. Congress regularly considers legislation that directly affects the livelihood of independent agents—from taxes and flood insurance to the overhaul of financial services regulation. 

We’re fortunate to have a strong federal advocacy team working for us through our membership in the Independent Insurance Agents & Brokers of America (IIABA) and FAIA. But they can’t do it alone. It is vital that we, as insurance producers and small business owners, play an active role in shaping the public policy debate, and ultimately the laws that come out of Washington, D.C.

We can do this by supporting our federal political action committee, InsurPac. Visit InsurPac online to make your voluntary, personal contribution; you must log in first with your IIABA user name and password.)  

At the federal level, our lobbyists advocate for us by demanding less government involvement in our day-to-day businesses. For example, as the Dodd-Frank Wall Street Reform Act made its way through Congress several years ago, IIABA successfully maintained insurance as a state-regulated business. Unlike banking and securities regulation, which were drastically changed by Dodd-Frank, the insurance implications of the legislation were modest.

Your federal government affairs team had some major wins over the last year, including:

  • Enactment into law of both a long-term renewal of the Terrorism Risk Insurance Act (TRIA) and NARAB II. The TRIA extension helps stabilize the commercial property-casualty insurance market and NARAB II effectively creates one-stop producer licensing for nonresident licenses, while maintaining state regulation. If implemented correctly, NARAB II will significantly reduce administrative burdens and costs for independent agencies operating in multiple states.
  • Passage of the “Homeowners Flood Insurance Affordability Act of 2014.” Among other things, the legislation reduced the price shock experienced by many consumers as a result of certain provisions in the Biggert-Waters Flood Insurance Reform Bill of 2012 (BW-12). This was a major win, as mitigating the unintended harmful effects resulting from BW-12 had been one of the association’s top priorities for 2014. The Big “I” was the only major producer trade association to advocate in favor of this legislation.
  • During Farm Bill consideration, IIABA protected the Federal Crop Insurance Program (FCIP) and successfully beat back against amendments aiming to cut or cap the premium subsidies that producers use to purchase adequate coverage for their farmland. In addition, the Big “I” worked to ensure that the FCIP remained the cornerstone risk management tool for farmers across the country and preserved the role of the agent as the sole sales force of the program.

Through constant dialogue with members of congress and participation in numerous congressional meetings, hearings, and events, our federal lobbying team has forged an impressive list of achievements. The government affairs team has done an excellent job developing relationships with many influential members of congress, something made possible in large part due to InsurPac, your federal political action committee. It solicits voluntary, personal contributions from agents throughout the country, and then distributes that money to congressmen, senators, and candidates for federal office who support small business and the independent agency system. InsurPac allows our federal advocates to attend fundraising events nearly every day of the week, constantly developing relationships with legislators and their staff from both sides of the aisle.

In the 2014 election cycle, more than 5,000 independent agents came together to support InsurPac, helping raise over two million dollars. InsurPac distributed over $1.8 million to a total of 292 races, winning 272 of them for a 93% victory rate. Of this amount, $77,500 was disbursed to members of the Florida delegation. Because no InsurPac dollars are used for administrative expenses, it means that 100 percent of agent investments are put to good use supporting legislators that support our business.

With so many important issues being debated in our nation’s capital by a new congress, the time for agents to be involved is now. Congressional opinions on issues are being shaped every day and we must continue to have a seat at the table to educate them.

Please do your part by supporting InsurPac and actively participating in both local and federal politics.