IA Magazine

Emergency Over? The Special Events Insurance Market in the Post-COVID-19 World

Since the federal COVID-19 public health emergency was declared officially over in May 2023, special events insurance coverage for small events, such as weddings, bar mitzvahs, and fun runs has returned to the way things used to be.

Posted: Dec 17, 2023

Mercury Unveils All-New Personal Umbrella Policy

The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrella insurance policy.

Posted: Dec 17, 2023

Mercury Unveils All-New Personal Umbrella Policy

The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrella insurance policy.

Posted: Dec 17, 2023

Casualty E&S Insurance Market: Growth and Loss Remain Focal Points

In 2024, expect carriers to continue to be aggressive on new business while more conservative on renewals.

Posted: Dec 17, 2023

Casualty E&S Insurance Market: Growth and Loss Remain Focal Points

In 2024, expect carriers to continue to be aggressive on new business while more conservative on renewals.

Posted: Dec 17, 2023

What Is the Limitation to Designated Premises Endorsement?

A carrier is adding the 1998 version of the ISO form CG 21 44 Limitation to Designated Premises endorsement to all policies on habitational or rental properties with more than one location.

Posted: Dec 14, 2023

‘Lower Costs, More Transparency Act’ Passes the House

The Act aims to enhance price transparency within the healthcare system, fostering informed decision making for patients and employers.

Posted: Dec 13, 2023

Corporate Transparency Act to Cost Small Businesses $23 Billion

The Big “I" was successful in securing an exemption for independent agents from the Act by showing that insurance producers already provide this beneficial ownership information to state regulators

Posted: Dec 13, 2023

Why Creating a Memorable Brand Can Elevate Your Insurance Agency

Within 90 seconds, a person makes a subconscious judgment about your agency, so you need to carefully plan your branding approach.

Posted: Dec 12, 2023

Nearly 70% of Americans Are Reviewing Their Insurance Policies

As many as 46% of Americans have considered or have already taken a higher deductible to save money on insurance while 22% have considered going uninsured to save money.

Posted: Dec 12, 2023

Liberty Mutual and Safeco Insurance Honor ‘Outstanding’ Big ‘I’ Members

Four Big “I" members were recognized for implementing cutting-edge technology, investing in recruiting and training top talent, and finding creative ways to position their agencies for long-term growth.

Posted: Dec 12, 2023

What Does ‘Instant Issue Bond’ Really Mean?

There are hundreds of surety bonds with no underwriting criteria that are categorized as “instant issue." Insurance agents can obtain these with relative ease from pretty much any provider.

Posted: Dec 10, 2023

Strategies to Retain Personal Auto Clients in a Hard Market

Central to building a long-lasting relationship with personal auto clients is effectively communicating what is happening in the marketplace and discussing what could potentially be coming down the pike.

Posted: Dec 10, 2023

What Does ‘Instant Issue Bond’ Really Mean?

There are hundreds of surety bonds with no underwriting criteria that are categorized as “instant issue." Insurance agents can obtain these with relative ease from pretty much any provider.

Posted: Dec 10, 2023

4 Common Mistakes Customers Make With Off-Road Vehicle Insurance

Off-roading season is here, so many customers will need off-road vehicle coverage. The problem is they often don’t know they need it. Here’s how to help them understand why they do.

Posted: Dec 10, 2023

AmTrust Introduces Admitted Lawyers Professional Liability

The admitted lawyers professional liability policy form includes built-in subpoena coverage and built-in pre-claim assistance, as well as an enhanced ERISA exclusion.

Posted: Dec 10, 2023

Top 5 Most-Read Articles in Independent Agent in November

Amidst forecasts that the property & casualty combined ratio will continue to deteriorate, the hard market and inflation continue to shape the independent agent psyche.

Posted: Dec 06, 2023

InsurPac: That's a Wrap

The 2023 deadline to contribute to InsurPac is Dec. 31 at midnight.

Posted: Dec 06, 2023

The Hill Newspaper Names Big ‘I’ President & CEO Among Top Lobbyists

Charles Symington, Big “I" president & CEO, has been recognized for his success on Capitol Hill in 2023.

Posted: Dec 06, 2023

Agency Nation Meets: Carey Wallace

Carey Wallace, an entrepreneur at heart, is the founder of Agency Focus, an independent insurance agency consulting company.

Posted: Dec 06, 2023

Agency Nation Meets: Carey Wallace

Carey Wallace, an entrepreneur at heart, is the founder of Agency Focus, an independent insurance agency consulting company.

Posted: Dec 06, 2023

5 Leadership Best Practices to Find Opportunities in a Difficult Market

Despite all of these pressures of the hard market, independent agents who are willing to take the initiative will find opportunities and grow their books of business.

Posted: Dec 05, 2023

Here’s What Customers Should Know About Off-Road Vehicle Insurance

Winter brings off-roading season and an opportunity to position yourself as a trusted advisor. Here are some common mistakes that customers make when insuring their vehicles.

Posted: Dec 03, 2023

Cyber Risk Trends to Watch in 2024

Agents and brokers have the opportunity to educate their clients on the importance of working with insurers who understand cyber risk and offer services to help mitigate that risk.

Posted: Dec 03, 2023

The Implications of Rising Auto Premiums and The True Costs of Uninsured Drivers

Rising insurance premiums are having a profound impact on the behavior of consumers, who, are searching for ways to curb their expenses, including even considering driving without coverage.

Posted: Dec 03, 2023