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Mitigate? Or Litigate???

There has been a great deal of press lately concerning the BP Deepwater Horizon disaster and the ensuing drama regarding the settlement of claims and ongoing expenses. Lost in the clamor about proper oil spill mitigation techniques (and the failure … Continue reading

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Back…To Business!!!

The Sabal blog was on hiatus for the summer.  But, like streaks in baseball…all things must come to an end (including summer break).  Any (honest) writer will confess that ‘inspiration’ is overvalued…writing is WORK.  And just as any tradesperson (or … Continue reading

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Health Care Reform: Major provision delayed until 2015

Great News!!! The Obama administration said it is delaying penalties for large employers who do not provide health insurance coverage to workers under the federal health care law for 2014; it will now be delayed until 2015.  The health overhaul … Continue reading

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…Sorry Seems To Be The Hardest Word

What Else Should I Be?  All Apologies. With credit to Messrs. John and Cobain, esteemed songwriters who appreciated the value of a heartfelt apology…the insurance industry is notable for its LACK of sincere remorse (in bad scenarios that could be … Continue reading

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How Much??? Is ‘Enough’ (Insurance)???

A favorite axiom of a late relative that has long since entered the corporate vernacular at Sabal is that:  “[You] can never have enough cash, enough guns…and enough insurance.  Because when everything falls apart?  You’re gonna need all three.” On … Continue reading

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Allianz Responds Re: Magnolia (Sort Of…)

When Sabal initially looked at the failure of Magnolia Insurance Company on April 9th, our analysis focused on the issue of ‘risk or no risk’.  That is, insurance regulators have – since the early 00’s — deemed insurance transactions in … Continue reading

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Obamacare? Or Consumer Driven Care? Florida Decides…to…Try and Decide

While Sabal is predominantly engaged in providing commercial property and liability insurance for clients across the United States, the ramifications of the Patient Protection and Affordable Care Act (AKA “Obamacare”) are so broad that, by default, they end up including … Continue reading

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BIGGER Rumblings…on Florida’s Workers’ Compensation Front

Recently, we posted on the Biiig Rumblings…on Florida’s Workers’ Compensation Front regarding the Westphal v. City of St Petersburg case and the market upheaval that could follow. Now, that market upheaval has been quantified by NCCI into a dollar amount … Continue reading

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Fraud Allegation Leveled Against Allianz…Related to Magnolia’s Failure

When Florida regulators from the Department of Financial Services (“DFS”) recently accused insurance giant Allianz of fraud (a charged term, ‘fraud’ is the ultimate ‘F word’ in insurance and financial circles), it brought to mind history repeating itself.  This is … Continue reading

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Biiig Rumblings…on Florida’s Workers’ Compensation Front

Amazingly enough, with the incredible amount of noise accompanying Citizens reforms, rising rates, takeouts and what the 2013 Legislative Session has in store for the insurance industry, what has gone relatively unnoticed is – in our humble opinion – a … Continue reading

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