IA Magazine

Does Surface Water Count as a Flood?

A carrier denied a client’s property damage claim because the water was "surface water." The property had the standard ISO special perils form, as well as coverage on a sublimit for sewer and drain backup.

Posted: Sep 21, 2023

Number of Uninsured Drivers Increases as Rates Rise 5.9% in H1 2023

As personal auto insurance rates continue to accelerate upward, some driver are taking to the market to find cheaper rates—while others are choosing to drive without coverage.

Posted: Sep 20, 2023

Uncertainty in DC as Government Shutdown Looms

Congress is working to approve 12 appropriations bills that must be passed in order to avoid a shutdown, with current funding set to expire on Saturday, Sept. 30.

Posted: Sep 20, 2023

Big ‘I’ and Reagan Consulting Release 2023 Best Practices Study Update

Best Practices agencies continue exceptional organic growth and invest in young producer development, according to the latest study update.

Posted: Sep 20, 2023

Where Did All the Workers Go?

Business owners are mistakenly believing that there is a pool of workers waiting on the sidelines for something magical to happen to convince them to rejoin the workforce—that pool doesn't exist.

Posted: Sep 19, 2023

Your Customers Are All Online – But Are They Protected?

Cybercrime is on the rise and it’s not going away. Independent agents are in the unique position to be able to help customers protect themselves.

Posted: Sep 17, 2023

Reach Next-Gen Car Collectors in an Evolving Market

Not only is the classic car hobby witnessing the transition to new generations, both to Generation X and millennials, but it is also witnessing the evolution to electric vehicles (EVs).

Posted: Sep 17, 2023

Reach Next-Gen Car Collectors in an Evolving Market

Not only is the classic car hobby witnessing the transition to new generations, both to Generation X and millennials, but it is also witnessing the evolution to electric vehicles (EVs).

Posted: Sep 17, 2023

Beazley Updates Primary Public D&O Offering

Enhancements include simplified policy exclusions; optional reporting of investigations, inquiries, security holder demands and books and records demands; removal of “Inquiry Coverage Date;" and a broad definition of “Inquiry."

Posted: Sep 17, 2023

Beazley Updates Primary Public D&O Offering

Enhancements include simplified policy exclusions; optional reporting of investigations, inquiries, security holder demands and books and records demands; removal of “Inquiry Coverage Date;" and a broad definition of “Inquiry."

Posted: Sep 17, 2023

8 Tips to Help Life Science Businesses Prevent Product Shortages

As life science businesses prepare for another flu season, and as COVID-19 cases increase, now is the time to encourage clients to take measures against product shortages.

Posted: Sep 17, 2023

8 Tips to Help Life Science Businesses Prevent Product Shortages

As life science businesses prepare for another flu season, and as COVID-19 cases increase, now is the time to encourage clients to take measures against product shortages.

Posted: Sep 17, 2023

Business Interruption: Special Form vs. Specified Causes of Loss

A client suffered a business income loss due to loss of internet and phone services. The service provider didn't respond to inquiries for the reason of the loss of services, so the carrier denied the claim because it was unable to confirm the cause o...

Posted: Sep 14, 2023

2023’s First-Half P&C Underwriting Loss Just $2 Billion Below Loss for All 2022

Rising loss costs, above-average catastrophe activity, and the struggling personal lines segment—especially homeowners insurance—were factors listed as contributing to the losses.

Posted: Sep 13, 2023

Fall Leadership Conference: McBride Sworn in, Salmon Elected, Symington Outlines Vision

Get up to speed on the new Big "I" chairman Mike McBride, newly elected Executive Committee member Bobby Salmon as well as the short- and long-term priorities outlined by the new Big “I" president & CEO, Charles Symington.

Posted: Sep 13, 2023

Third-Party Litigation Funding Scrutinized in House Oversight Committee

The hearing investigated how outside capital is funding litigation against companies and agencies to achieve policy goals and examined the lack of oversight in this area.

Posted: Sep 13, 2023

Relocation Strategies for Insurance Agents

Whatever is prompting your desire to move, stick a pin in a map and you'll find that almost any place is one that an insurance professional can thrive in some fashion.

Posted: Sep 12, 2023

3 Ways to Advocate for Cyber Coverage

As people try to build their nest eggs in our current economic environment, cybercriminals are eyeballing their bank accounts more than ever. Here’s how to protect your customers.

Posted: Sep 10, 2023

The Hard Market Puts the Classic Car Market to the Test

A surge in classic car values—primarily due to rising inflation, as well as exchange rate variability that is having a major impact on the more expensive cars traded globally—means that owners are facing insurance-related issues.

Posted: Sep 10, 2023

Mile High Markets Refreshes Daily Auto Rental Insurance Program

Mile High's program offers solutions for agents' auto and truck rental risks.

Posted: Sep 10, 2023

Avoiding E&O Exposure When Turning Prospects into Long-term Clients

It is possible to offer a quote without substituting your judgment for your customer's, which is a leading cause of E&O claims.

Posted: Sep 10, 2023

Avoiding E&O Exposure When Turning Prospects into Long-term Clients

It is possible to offer a quote without substituting your judgment for your customer's, which is a leading cause of E&O claims.

Posted: Sep 10, 2023

Top 5 Most-Read Articles in Independent Agent in August

From analyzing the causes of today's difficult environment to exploring its implications on your clients, August's articles delved into the hard market and how to get through it.

Posted: Sep 06, 2023

Senate Holds Hearing on Challenges in the Property Insurance Market

The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.

Posted: Sep 06, 2023

How AI Can Help Keep Vehicle Repair Costs in Check

The right data can be used to properly maintain vehicles while also helping clients control the cost of repairs—a major factor in keeping rising insurance premiums in check.

Posted: Sep 05, 2023