Last Weeks program was provided by Rotarian Jeremy Burris. Jeremy enlisted the help of other Rotarians in the insurance industry to give us some insurance updates. Chuck Gore started the presentation by speaking about “cyber liability”. Cyber security is a growing concern with the increased sophistication of cyber criminals. Through social engineering and “trolling” all businesses are susceptible to a cyber infections. Every business has a need for cyber protection. Jon Poppell then spoke about flood insurance. The federal program is set up by the federal government, not individual insurance companies and therefore all premiums should be the same. Everyone is in a “flood zone”…the question is if it is in a hazardous or non-hazardous zone. Homeowners insurance does not automatically cover flood damage. Many private carriers are now adding the flood insurance option that can be cheaper than the federal program for “inland” people but, more expensive for those closer to beaches and rivers. Dennis Brownlee talked about commercial property insurance. Hurricane Michael claims are still coming in and should end up being about $25 billion in claims. Hurricane Irma, with winds up to 177mph and 12 million people without power, resulted in claims of $77billion. Hurricane Katrina was the most costly Hurricane ever. Commercial rates are not changing much, even after the recent Michael hurricane. Should be looking at a 0-5% increase because carriers were able to build up reserves before Irma and Michael. Loss of income was the biggest claims. With the loss of power for many days, many businesses were not able to recover. Loss of income insurance is not automatic but can be purchased in a policy. Bill Hughes then spoke about workers compensation insurance. An option for small to middle size business is to enroll in a PEO (professional employee organization) where a large group shares the costs and can help shift liability off yourself to the PEO. PEO’s are also desirable to eliminate workers comp audits, get deeper discounts through experience modifiers, and the PEO will take care of unemployment claims. Jeremy told us about commercial auto insurance. This is the hardest to insure because of lawsuits and the fact that 25% of the automobiles on the road are not insured or are underinsured. I-4 has been labeled the most dangerous road in America with 1.4 fatalities per month. Auto insurance also becomes difficult, and expensive in Florida because Florida is the number one state in the country for lawsuits against commercial auto insurance. Auto insurance premiums continue to go up with the average claim reaching $25,000 because of the sophistication of cars, that are actually computers, on the road. There are ways to lower your premiums based on your particular situation. Talk to your agent to see how they can help! -submitted by Mike Arndt
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Installation Banquet - The Installation and Awards banquet is this Thursday, June 13th. It will be held at Lone Palm Country Club in Lakeland. Cocktails- 6:00 pm, Dinner- 6:45 pm, Program to follow.
Community Service Project - We have partnered with Someone Cares and we will be helping a family this Friday, June 14th from 12-5 and Saturday, June 15th 8-12ish. Rotary will be providing hot dog lunches both days. Please wear work clothes and your Rotary shirt. We will be pressure washing, working in the yard and Jenkins Construction and Solution Source will be helping with some roof issues. Fun time and great Rotary fellowship please plan to attend. Please let Jodi/Clayton know that you will be attending.
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Program Chair
Kayla Drawdy is our Program Chair! Please notify Kayla of you upcoming speakers at 763-1821 or kayla@htitle.com
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Have any news you would like to share? Do you have a new position at work? Family news? Any news you would like to share with club members and bulletin subscribers? E-mail to Bill Wicker
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Rotary’s 110th annual convention concludes; one of Hamburg’s most multicultural, non-profit gatheringsMore than 26,000 registrants representing 3,605 Rotary clubs in 170 countriesRotary commits US$102 million
mytaxi donates proceeds from rides to RotaryHAMBURG, Germany (31 May 2019) — To multiply the impact of the 25,000 Rotary members expected to attend the service organization’s international convention 1-5 June, mytaxi will donate all
A special report prepared for Rotary International by the Johns Hopkins Center for Civil Society Studies estimated the value of Rotary member volunteer hours at $850 million a year.
Rotary brings the world to Hamburg One of the city’s largest and most multi-cultural conventions will bring €24 million HAMBURG, Germany (30 April 2019)
Holger Knaack selected to be 2020-21 Rotary International
DG Nick's Minutarian
“ONLY THE WISEST AND STUPIDEST OF MEN NEVER CHANGE” - Confuscious
Should I or shouldn’t I? If yes, then when, how, where? We are constantly faced with choices, which inevitably will involve a change from the status quo. Sometimes the decision is easy, other times more difficult. Most important is giving thoughtful consideration during the
process. If existing ideas and ways of doing things went unquestioned, there would be no advances. Nonetheless, it’s difficult to let go of even antiquated ways of doing things that have long since outlived their usefulness. That’s because we tend to exaggerate the value of the familiar, while downplaying the value of what we may gain by changing course. Rotary is an
organization capable through design to redefine itself and adapt on an annual basis. But too often, the opportunity to do so is either ignored or dismissed.
We are just weeks away from the official transition from the year of being the inspiration, to that of connecting the world. Indeed, some clubs have already begun the process of installing their new president and board. With that transition will come the infusion of fresh ideas. Indeed, the process whereby leadership changes at nearly every level of the Rotary hierarchy assures that new ideas will constantly flow. However, those ideas will be of no value if they are not given a fair hearing. Even if the new ideas prove to be no better than the ones replaced, the change itself can be therapeutic as noted by Washington Irving in, Tales of a Traveler. “There is a certain relief in change, even though it be from bad to worse; as I have found in traveling in a stagecoach, that it’s often a comfort to shift one's position and be bruised in a new place.” At
the very least you gave it a try.
