leading to bad faith lawsuits covid-19 business ... · d&d consultants 93, llc : ft. lauderdale...

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8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 1/6 Trouble reading? View in browser FLORIDA ASSOCIATION OF INSURANCE AGENTS for your eyes only AUGUST 20, 2020 | VOLUME LXIX, ISSUE 24 The Long Goodbye... President & CEO Jeff Grady As Jeff Grady prepares to end his 22-year tenure as FAIA's president and CEO on August 31, he's started sharing a few thoughts (his long goodbye) on his time with us. This blog focuses on the many people— past chairs, board members, and volunteers—who influenced him and helped him become a thoughtful and thought-provoking leader in the insurance industry. READ MORE GOVERNMENT AFFAIRS Primary Election Update Director of Government Affairs BG Murphy This week's primary election has concluded and FAIA-supported candidates did fairly well. Former FAIA Board member Scott Franklin ousted sitting-Congressman Ross Spano and now heads to the general election. FAIA member and former State Representative Jim Boyd won his primary election, and continues his journey towards the Florida Senate. Thanks to all who contributed to IMPACT and FAIAPAC (FAIA's political action committees) and InsurPac (IIABA's political action committee), which enabled these and many other election-night successes. READ MORE COVID-19 Business Interruption Claims Leading to Bad Faith Lawsuits

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Page 1: Leading to Bad Faith Lawsuits COVID-19 Business ... · D&D Consultants 93, LLC : Ft. Lauderdale Freedom Insurance : Lake Alfred Hutt Insurance Agency, Inc. : Santa Rosa Beach JAYMUKUND,

8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 1/6

Trouble reading? View in browser

FLORIDA ASSOCIATION OF INSURANCE AGENTS

for your eyes only

AUGUST 20, 2020 | VOLUME LXIX, ISSUE 24

The Long Goodbye...

President & CEOJeff Grady

As Jeff Grady prepares to end his 22-year tenure as FAIA's presidentand CEO on August 31, he's started sharing a few thoughts (his longgoodbye) on his time with us. This blog focuses on the many people—past chairs, board members, and volunteers—who influenced him andhelped him become a thoughtful and thought-provoking leader in theinsurance industry.

READ MORE

GOVERNMENT AFFAIRS

Primary Election Update

Director ofGovernment Affairs

BG Murphy

This week's primary election has concluded and FAIA-supportedcandidates did fairly well. Former FAIA Board member Scott Franklinousted sitting-Congressman Ross Spano and now heads to the generalelection. FAIA member and former State Representative Jim Boydwon his primary election, and continues his journey towards theFlorida Senate. Thanks to all who contributed to IMPACT andFAIAPAC (FAIA's political action committees) and InsurPac (IIABA'spolitical action committee), which enabled these and many otherelection-night successes.

READ MORE

COVID-19 Business Interruption ClaimsLeading to Bad Faith Lawsuits

Page 2: Leading to Bad Faith Lawsuits COVID-19 Business ... · D&D Consultants 93, LLC : Ft. Lauderdale Freedom Insurance : Lake Alfred Hutt Insurance Agency, Inc. : Santa Rosa Beach JAYMUKUND,

8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 2/6

Vice President &General Counsel

Laura Pearce

As we have all heard and read about, insurance coverage litigationover COVID-19 business-related losses has become the new normal.Yet insurance companies have denied the majority of these businessinterruption claims for lack of physical damage or loss to property (seemy previous blog). As a result, the number of bad faith lawsuits areincreasing significantly as businesses are suing their insurancecompanies on a regular basis.

READ MORE

Before the storm, get a plan!Storms are brewing in the Caribbean and Atlantic, and while it's too soon to tell whatimpact they will have and where, now is the time to prepare. FAIA's DisasterCommand Post includes resources to help your agency navigate the process. Checkout the Agency Catastrophe Plan, and find other resources to help your agency getprepared before a storm.

DISASTER COMMAND POST

EDUCATION

How's Your Agency's Learning Culture?

Director ofEducation and

WorkforceDevelopment Dave

Newell

Does your agency support training or learning? FAIA's educationpartner, My Agency Campus, recently shared some thoughts onengaging your employees with continuous learning and how thatdiffers from training. When utilized effectively, a learning culture canlead to engaged and energized team members who see the process as abenefit.

READ MORE

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8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 3/6

CITIZENS UPDATE

Citizens Issues Agent Bulletins

Director ofEducation and

WorkforceDevelopment Dave

Newell

Citizens Property Insurance Corporation recently issued two agentbulletins. One is an update regarding the COVID-19 Cancellation andNonrenewal Moratorium. The second bulletin addresses Citizens'Commercial Lines Windstorm Protective Devices—Proof ofCompliance Commercial Form (WPD-1C). Agents should read thesebulletins carefully and understand the updates and changes beingimplemented.

JOIN THE CITIZENS COMMUNITY

YOUNG AGENTS COUNCIL

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8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 4/6

NEW MEMBERS

AGENCY MEMBERS

Associated Insurance Agencies of Florida: MarathonAvenue Insurance Planners: TavaresBarbie Prem Insurance Agency, LLC: Port St. LucieBe Insure, LLC: MiramarBrightway Insurance, Inc.: Daytona Beach, Debary, Gainesville, Lake Worth,Miami, Orange Park, Punta GordaCartier Insurance Agency, Inc.: TampaD&D Consultants 93, LLC: Ft. LauderdaleFreedom Insurance: Lake AlfredHutt Insurance Agency, Inc.: Santa Rosa BeachJAYMUKUND, Inc. dba Central Florida Insurance Agency: LongwoodLionShield Insurance Agency: OrlandoPrestige Insurance Consultants, Inc.: EsteroRussell Insurance, LLC: Hollywood

ASSOCIATE MEMBERS

Macfarlane Ferguson & McMullen, P.A.: Tampa

HEADLINES

MEMBER NEWS

Baldwin Risk Partners, LLC, Tampa: promoted Jennifer Berry and Frank Bakerto partner.Brightway Insurance, Inc., Jacksonville: named to the “Fast 50 list” by theJacksonville Business Journal.

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8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 5/6

Insurance Business America: recognized the following member agencies as “TopInsurance Workplaces 2020”: Acentria Insurance, Destin; Darr Schackow InsuranceAgency, LLC, Gainesville; Frank H. Furman, Inc., Pompano Beach; JAG InsuranceGroup, Coral Gables; and NSI Insurance Group, LLC, Miami Lakes.

INDUSTRY NEWS

AIG: promoted David McElroy to CEO, General Insurance, and executive vicepresident, AIG.American Family Home Insurance Company: rebranded Ameriprise Auto &Home as CONNECT.American Family Insurance Group: announced Bill Westrate will succeed JackSalzwedel as CEO.Chubb Ltd.: named John Lupica president, North America Insurance, and PaulKrump as vice chairman, Global Underwriting and Claims.Clearwater Underwriters, Inc.: acquired by Worldwide Facilities, LLC.Insurance Business America: recognized the following FAIA members as “TopInsurance Workplaces 2020”: Brown & Riding Insurance Services, Inc.; New EmpireGroup, Ltd.; People's Trust Insurance Company; and USG Insurance Services, Inc.Sedgwick: promoted Mike Arbour as CEO, and Bob Peterson as president.TypTap Insurance Co.: plans to expand to 20 states.

CALENDAR OF EVENTS

FAIA EVENTS

August 26, 2020: Board meeting and Installation of 2020/2021 Board; Zoom.March 9–10, 2021: Capitol Days; DoubleTree by Hilton, Tallahassee.June 16–18, 2021: 117th Anniversary Convention and Education Symposium; RosenShingle Creek Resort, Orlando.

LOCAL BOARD EVENTS

August 26, 2020: IIA of North Florida, August 2020 Coffee Break; Zoom.August 27, 2020: IIA of Broward County, CE webinar; Zoom.

YOUNG AGENT EVENTS

July/August 2020: SmartStart4Kids.

INDUSTRY EVENTS

Sept. 9–12, 2020: IIABA Fall Leadership Conference; Virtual Event.

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8/20/2020 Agents Confidential: The Long Goodbye, Business Interruption Claims, Election Results, and more

https://faia.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9ODA1NTIxOCZzdWJzY3JpYmVyaWQ9ODA4MjM2ODUz 6/6

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.