Certificating Exclusive Remedy
“The issuance of certificates is one of the more dangerous documents that float between insureds, insurers, and a myriad of third parties.” “In a great many instances, insureds have no idea of the potential liability created by asking for these documents, especially, when third parties are added as additional insureds.”
Attorney General Ashley Moody a Big Hit at FAPEO’s Legislative Summit
FAPEO kicked of 2023 in Tallahassee on February 6th with updates from industry leaders such as Mike Miller, Torben Madson, Nick Kapiotis and Kristen Baldwin who discussed a wide range of topics including ERTC, Employer of Record (EOR) and the recent NCCI update to its basic manual regarding certificates of insurance regulations for contractors
New NCCI FL Basic Manual rule effective 3-1-2023 pertaining to subcontractors
NCCI suggested, and the Florida DOI accepted, a new subcontractor rule effective 3.1.23 for Florida.
Allianz Insurance Group Risk Barometer
The multibillion-dollar insurance group Allianz publishes a very informative risk barometer each year. The methodology of the survey is as follows:
California Property & Casualty insurance New Email Law
Effective January 1, 2023, California Property & Casualty insurance agents must include his/her license number on ALL email correspondence included but not limited to:
Florida Workers Compensation 2023 Rates are Here
On August 24’th, 2022 the NCCI filed an order with the State to reduce rates by an average of 8.4% on all policies incepted on January 1, 2023 or later.