IA Magazine

Reconstruction Costs Up 60% Since 2014

Residential reconstruction costs climbed 64% over the past decade and commercial reconstruction costs have risen by 58%, according to a Verisk report.

Posted: Feb 04, 2025

5 Things to Remember When Setting Up Social Media Accounts

Setting up business accounts and maintaining a consistent presence on various platforms can significantly boost your online visibility and engagement.

Posted: Feb 04, 2025

Nationwide Expands Smart Home Offerings with LeakBot

The new product enables smart home technology to help customers add an extra layer of protection against water damages.

Posted: Feb 02, 2025

3 Tips for Agents to Increase Their Environmental Insurance Expertise

Here are three tips for agents looking to navigate the environmental market and assist clients in meeting their sustainability goals.

Posted: Feb 02, 2025

4 Strategies for Agents to Enhance Customer Value in the Current Market

How independent agents can add value through comprehensive consultation and risk mitigation.

Posted: Feb 02, 2025

Building Demo: Coverage for Damage to Surrounding Buildings?

An insured has hired a company to demolish an old building, on which they have liability coverage, that has a common wall with the property next door.

Posted: Jan 30, 2025

House Takes Action to Address Wildfires and Study Insurance Market

As legislation to reduce wildfire risk moves through the U.S. House of Representatives, the Big “I” has created a Q&A to address questions about the California wildfires and their impact on the overall insurance market.

Posted: Jan 29, 2025

Legislation to Eliminate FIO Introduced in House

The Big “I" endorsed the “Federal Insurance Office Elimination Act" introduced in the U.S. House of Representatives by Rep. Troy Downing (R-MT).

Posted: Jan 28, 2025

5 Cybersecurity Prevention Steps Businesses Can Take Now

Cyber risks are the top concern for U.S. businesses, according to the “2024 Travelers Risk Index," with 1 in 4 businesses reporting that they have been victimized by a cyber event or data breach.

Posted: Jan 26, 2025

Concierge Cyber Launches Companion D&O Risk Management Product

The new policies provides access to managed threat intelligence to protect against cyber, reputational and physical risks, helping organizations reduce their digital exposure.

Posted: Jan 26, 2025

Agency M&A Down 10% in 2024

Insurance agency and brokerage mergers and acquisitions in 2024 were down 10% from the 833 reported in 2023, according to a report from OPTIS Partners.

Posted: Jan 26, 2025

Consumers Want Phone Communication But Often Don’t Pick Up

Consumers believe phone calls are important for communicating with businesses, but fear of fraud prevents many from answering calls, according to a TransUnion study.

Posted: Jan 21, 2025

Top 10 Business Risks in 2025

While the top 10 business risks are increasingly complex and interdependent, ​cyber risks, business interruption and natural catastrophes are the risks that most concern businesses for the year ahead.

Posted: Jan 15, 2025

5 Foundational Insurance Concepts Producers Need to Know in 2025

After a tumultuous few years, Celent, Deloitte, WTW and Forrester, among others, have weighed in with their predictions on what's in store for the insurance industry in 2025.

Posted: Jan 10, 2025

What Is a Wind or Hail Buyback Policy?

How do you explain how a wind or hail buyback policy works? And is a deductible applied to these types of policies?

Posted: Jan 09, 2025

InsurPac Closes the Books on 118th Congress

InsurPac, the Big “I” political action committee (PAC) and one of the largest small business PACs in the country, raised $1,291,724 during the 2024 calendar year.

Posted: Jan 08, 2025

New Year, New Administration: What New Laws Can Employers Expect?

With a new year and a new administration companies can expect many changes, including new employment regulations they have to navigate. Here are some predictions.

Posted: Jan 07, 2025

2025 Is Set to Be a Year of Shopping and Switching

While sky-high premiums prompted half of U.S. auto insurance customers to shop for a new plan last year, few alternatives meant most stayed put. That's all about to change.

Posted: Jan 07, 2025

4 Things Homeowners Clients May Need to Update in 2025

2025 is set to be a year of significant change with shifting markets and evolving weather patterns, making it more important than ever to ensure your homeowner clients are adequately protected.

Posted: Jan 07, 2025