Press Releases
FOR IMMEDIATE RELEASE
FLORIDA WORKERS' COMPENSATION RATES REDUCED
For 5th Consecutive Year
On New Year's Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers' compensation insurance to the Florida Legislature.
The report detailed the availability and affordability of coverage for workers' compensation insurance in Florida for calendar year 2006. In conclusion, they found that Florida is the largest market dominated by private market insurers (as compared to state sponsored residual market entities such as those in New York and California).
Most importantly, the Florida Office of Insurance Regulation approved an overall rate reduction of 18.4 percent, effective Jan. 1, 2008, marking the fifth consecutive year of workers' compensation rate decreases. This rate reduction will give Florida businesses a cumulative decrease of 51.4 percent since legislative reforms were enacted in 2003.
Other trends were also highlighted in the Florida's workers' compensation market: Overall workers' compensation claim frequency is on the decline, which helps offset any increases in claim severity costs; companies are performing well in their underwriting, and the Florida Workers' Compensation Joint Underwriting Association, the insurer of last resort, had only $37.3 million in written premium in 2006 – less than 1 percent of the Florida market. Through November 2007, written premium had declined further to $19.2 million.
Florida also welcomed five new workers' compensation writers in 2006; the five companies are domiciled in Florida, Delaware, Iowa, New York and Wisconsin. In addition, we now have the ability to offer you workers compensation insurance in Michigan, Wisconsin and Indiana. Jeffrey Kaplan, President of Insurance Source.Com Inc is also pleased to announce the appointment of Michigan Construction Industry Mutual (MCIM) as a provider of workers' compensation insurance for businesses in the construction and manufacturing industries. And we look forward to serving your Workers' Compensation Insurance needs in the future. We are available to provide you with real time quotes as well as any pertinent information related to your compensation requirements.
INSURANCE SOURCE.COM ANNOUNCES THE ADDITION OF FOUR WORKERS' COMPENSATION INSURANCE MARKETS
Tampa, January 28, 2007 - Insurance Source.Com is pleased to announce the addition of four workers compensation Insurance markets to place your multi-state workman's compensation insurance business. Jeff Kaplan, President, states, "We are very excited to add Blue Ocean and Unisource which gives us access currently to AIG in Florida and to Zurich for Workers' Compensation. These additional four markets that have a variety of class codes throughout 40+ states and we're constantly working on adding more markets to expand our states and class code eligibility."
Please feel free to send your submissions thru our web site www.shopinsuranceonline.com or call 800-224-0718.
####
INSURANCE SOURCE.COM ANNOUNCES THE HIRING OF DEE DEE ADDESSI AND THE OPENING OF OUR SECOND LOCATION IN
INSURANCE SOURCE.COM would like to welcome Dee Dee Adessi to their team of
Jeff Kaplan, President of Insurance Source.Com Inc is very delighted with Dee Dee’s early success and find’s her to be a valuable addition to Insurance Source.com. Josh Addessi, Dee Dee’s husband specializes in employee leasing as well and together we will now be able to provide more services to their new and existing clients.
Insurance Source.Com Inc specializes in workers compensation insurance representing many of the nation’s top workers compensation insurance carriers.
Tampa, September 6, 2006 - INSURANCE SOURCE.COM, Florida's Workers Compensation Insurance source was overwhelmed with the response received in Florida from their web site www.insurancesource.com, which was launched in 1991. The online e-commerce presence was an instant success for hard to place workman’s compensation insurance.
INSURANCE SOURCE.COM 's President, Jeff Kaplan states, "We have been able to help the many thousands requests that we have received for workers compensation insurance information. We are very excited to announce our national web site providing workers compensation insurance, employee leasing and other information and contacts to help your business. Our nationwide website will help you find rules, statutes, forms, and professional help relating to workers compensation insurance in all 50 states. We represent many national carriers and also provide fee based workers compensation consulting and PEO employee leasing services nation wide. INSURANCE SOURCE.COM looks forward to great concepts under development for their national website and invites visitors to enjoy them. All questions and comments, which can be directed to jeff@shopinsuranceonline.com , are greatly appreciated in trying to create a website that makes shopping for workers compensation quick and easy. INSURANCE SOURCE.COM is one of the leaders in competitively priced workers compensation insurance and commercial insurance packages for corporations looking to obtain workers compensation insurance.
####
INSURANCE SOURCE.COM
ANNOUNCES IMMEDIATE SUCCESS
WITH THE LAUNCH OF NEW WEBSITE
INSURANCE SOURCE.COM 's Chief Executive Officer Jeff Kaplan states, "We were expecting our website to create interest, but are more than pleasantly surprised with just how much interest and revenue the site has invited. We plan to invest additional amounts building on this presence to bring new and exciting images and services, including online calculators to website consumers."
INSURANCE SOURCE.COM looks forward to great concepts under development for their website and invites visitors to enjoy them. INSURANCE SOURCE.COM is one of the leaders in competitively priced insurance packages and services for both corporate and private customers.
Copyright © 2007 Insurance Source.com, Inc.. All rights reserved.
