August 28, 2007
FASI's 38th Annual Convention & Trade Show
--by Bethan Hyde, Director of Marketing, Southeast Region, York Claim Services, Inc.
The FASI 38th Annual Educational Conference & Tradeshow was held Sunday, July 22, 2007, to Wednesday, July 25, 2007, at the Ritz Carlton, Naples, Florida. FASI’s annual golf outing was Sunday at Tiburon Golf Club (see golf article below for details).
The Welcome Reception was in the Club Room. New members were extended an invitation to arrive early to personally meet and get to know the FASI Officers and Board of Directors. The attendees and guests were also greeted by the FASI Officers and Board of Directors as they entered the Club Room. Attendees enjoyed the opportunity to catch up with colleagues and socialize, all the while anticipating an excellent educational program focusing on all lines of the self insured industry.
Monday began with FASI’s Annual Business Meeting. The 2006-2007 Board of Directors were recognized for their contributions this past year. The new slate for the 2007-2008 Board of Directors was read and approved. Sean Tobin has passed the Presidential Gavel on to Gail Shuffler, Risk Manager, City of Tallahassee. Thank you to those who have served and to those who are about to serve!
The Convention Committee deserves a big applause as the sessions at this Educational Conference were timely and informative. Speakers at the Conference included Andy Small, Albors/Alnet and Directional Achievement, Winter Park, FL, and Dan Sulzner, Midwest Employers Casualty Co., Chesterfield, MO., who spoke to us about “Aging Workforce and Succession Planning The Impact of the Loss of Intellectual Equity and Institutional Knowledge." Joey Asher, Speechworks, Atlanta, GA, “Cashing in on Communication" and Dennis Ross (R), Florida House of Representatives, Ross, Vecchio & Stanton, P.A., Lakeland, FL, and Greg Jenkins, on behalf of the Division of Workers’ Compensation, Tallahassee, FL, who discussed the recent legislative sessions.
Tuesday began with James Moody, Heritage Consultants, Auburndale, FL; Gail Shuffler, City of Tallahassee, Tallahassee, FL; and Jim Milner, Johns Eastern, Sarasota, FL, who discussed the "Hidden Treasures in Pursuit of Subrogation (PIP, Workers’ Compensation & Health)." We learned how to find money for our organization or client. This presentation was a practical and simple how-to approach that increased subrogation and recovery efforts. It also included some information on hidden damage elements and how to perfect the recovery.
Lou Beniamino, York Special Investigations, Inc.; Robert Jones, Mulholland Investigation and Security Consultants; and Mark Bennett, Bank of America, were our guest speakers for "FASI CSI Naples" on Computer Forensics, Check Fraud, Red Flag Indicators of Fraud and Compromised Privacy. The experts in the fields of investigation, forensics and banking explained how to protect yourself and your company from hackers, check fraud, identity theft, and more.
Michael Spellman, Coppins, Monroe, Adkins, Dincman & Spellman, PA, Tallahassee, FL; and Scott Miller, Hurley Rogner Miller Cox Waranch & Westcott, PA, Winter Park, FL, navigated attendees through the litigation minefields with case law updates in Liability and Workers' Compensation.
Thank you to each of these speakers for their contribution to a successful Educational Conference.
The Convention ended with FASI's 38th Dinner & Casino Party with delicious cuisine and desserts. There were more than 20 door prizes provided by FASI which all guests had an opportunity to win (everyone received a drawing ticket at the door). Thank you to Free State Staffing and Woodall & Broome Investigative Services for donating prizes along with FASI for the bidding with casino winnings on more than 10 prizes auctioned off at the end of the evening. Lots of bidding wars ensued, with bids as high as $2 million dollars. Wow!
Thank you to all of our sponsors, exhibitors and attendees for making this convention a success. We look forward to seeing you again next year. Mark your calendars for July 20-23, 2008.
FASI Annual Golf Outing 2007
The last FASI conference was one of the best yet and plans for next year's conference are already underway. Some of the feedback from attendees indicated an interest in more topics related to fraud and we will try to focus more on that topic.
Division of Workers' Compensation Proposed Rules for Self-Insurers
--by Bob Widmer
The Division of Workers’ Compensation unveiled its proposed Rules for Self-Insurer at our annual conference in Naples this year. Some of the highlights are:
· Net worth requirement increased from $1.0 million to $10.0 million. Current self-insurers who do not meet this qualification will be considered in non compliance with the Rules and be required to obtain an actuarial study and post 1.5 times the actuarially determined ultimate losses. There are approximately 7 current self-insurers that this will affect.
· Specific excess workers’ compensation and employers liability insurance policies must have a minimum limit of Statutory in lieu of the current $1.0 million. The maximum self-insured retention allowed will be increased from $350,000 to $500,000.
· The State of Florida will no longer calculate the experience modifications used in determining the Assessments. Each self-insurer will be required to pay the National Council on Compensation Insurance (NCCI) a fee for them to calculate the experience modifications.
· Penalties for failure to file reports are increased dramatically. Currently, the penalties are $100 for failure to file any required report. The proposed Rule calls for penalties to range from $500.00 if the report is 14 days overdue and go to $5,000 if over 14 days late.
· Division of Workers’ Compensation will contract with third parties to perform premium audits. The cost of the audit could be charged back to the self-insured if an assessment difference of over $1000 occurs.
· For those self-insurers who are deemed to not have the financial condition to achieve an investment grade credit rating, the security deposit will be at least 100% of the actuarially determined outstanding liabilities.
It is expected that the Rules will be filed very soon and we will have 15 days from the date of the filing to request a hearing on the changes. We will provide you with a more detailed summary when the Rules are filed and will keep you posted on the progress of these Rules.
--by Mark Resler
Before we get into membership issues, I personally want to express my extreme pleasure with the FASI annual conference held at the Ritz-Carlton in Naples, Florida. It was quite educational, as well as entertaining. FASI had a great panel of speakers, and the location and setting made it so easy to actually participate in all the seminars. If you attended the conference, I’m sure you will agree with me. For those who missed it, I recommend attending next year.
The most recent membership committee meeting from January discussed the streamlining of the FASI database. That project is still underway. In addition to the streamline project, our immediate focus for the remainder of 2007 will be on contacting former members who did not renew in 2007 to ascertain why they chose to not renew their membership. Our 2008 membership drive will begin in October.
The committee, as well as the board, has also agreed to focus our membership efforts on self-insured entities, both public and private, since all share similar interests in the self-insured arena. We feel that as self-insured membership grows, associate and carrier membership will grow as well.
The 2007 renewal process is complete. Although our total membership numbers are down from 2006, the number of self-insured members has remained constant over the last four years. And we truly anticipate positive results in our 2008 membership drive.
Finally, I want to again recognize the 2007 NEW MEMBERS one more time:
I want thank each and every member for a successful 2007, and I am looking forward to an even greater 2008. Please contact FASI directly at 1-800-226-FASI (3274) if you know of anyone interested in discussing FASI memberships, or pass this number on to the interested party, or refer them to the website www.fasi-fl.org.
There's the Money
FASI's 38th Annual Exhibitor's Showcase Reception
2007 Session Incentives...
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