IA Magazine

Some in Congress Push for Delay of Risk Rating 2.0

In recent months, several members of Congress have expressed concerns about the implementation of FEMA's new pricing methodology, Risk Rating 2.0, with some going as far as to push for a delay of the program's implementation.

Posted: Jun 30, 2021

Crop Insurance Highlighted in House Hearing

In a hearing, the U.S. House Agriculture Committee Subcommittee on General Farm Commodities and Risk Management examined farm safety net programs, of which agents play a crucial role, and their true benefits to the farming community.

Posted: Jun 30, 2021

1 in 3 Americans Admit to Barbecuing Drunk

As Americans gear up to host barbecues once again this summer, many aren’t doing enough to reduce grilling-related hazards and injuries. Here are some grilling safety tips to share with your clients.

Posted: Jun 29, 2021

3 Reasons Producer Validation Rates Are So Low

Agencies can improve producer success by focusing on technical training, specialization and mentoring.

Posted: Jun 28, 2021

Help Boaters Fully Protect Their Fun in the Sun

Independent agents are uniquely positioned to help boaters protect their favorite hobby. Here are five questions to ask to help you properly insure boat owners.

Posted: Jun 27, 2021

Most Common Homeowners Insurance Blind Spots

One in 3 Americans are unsure about what their insurance policies cover, according to a survey from The Hanover Insurance Group.

Posted: Jun 27, 2021

Mid-Year Commercial P-C Outlook: Hard Market Pressure Continues

Despite rate increases, capacity reductions and underwriting scrutiny, businesses can take major steps to significantly improve their risk profiles and manage costs.

Posted: Jun 27, 2021

From the Front Lines: Surety

"I've always admired the construction industry, the industry that, with its blood, sweat and tears, physically builds the world in which we live and makes it a better place," says independent agent Ben Dycus. "To have the opportunity to provide valua...

Posted: Jun 27, 2021

The Hanover Adds Motorcycle Insurance

The product offers motorcycle coverage for touring bikes, cruisers, sport bikes, scooters, motorcycle cargo, transport trailers and more.

Posted: Jun 27, 2021

How the Surety Market Has Weathered the COVID-19 Storm

While the market remains extremely soft with ample capacity and positive growth projections through 2027, things may not be as rosy as they seem.

Posted: Jun 27, 2021

Are E-Bikes Considered a ‘Motor Vehicle’ on a Homeowners Policy?

If e-bikes are considered vehicles, and liability is excluded from homeowners policies, is there an ISO homeowners endorsement that provides both liability and physical damage coverage?

Posted: Jun 24, 2021

Big ‘I’ Advocates Against Small Business Tax Deduction Changes

In a letter, the Big “I” and other organizations noted strong opposition to any reductions or repeal of the 20% deduction for qualified business income under Section 199A, including phasing out the deduction above certain income thresholds.

Posted: Jun 23, 2021

FEMA Announces July Dates for Risk Rating 2.0 Agent Webinars

The Risk Rating 2.0 - Equity in Action webinars are designed specifically for insurance agents and are free to attend.

Posted: Jun 23, 2021

15 Digital Capabilities to Help Your Agency Grow

Drawn from the findings of the Rise of the Digital Insurance Agency report, the interactive framework explores 15 digital capabilities that can help an agency grow and become an Agent for the Future.

Posted: Jun 22, 2021

7 Major Carriers Form Company to Tackle Cyber Risk

The new entity, called CyberAcuView, will compile and analyze cyber-related data to enhance value and service to policyholders and help insurers sustain a competitive market for cyber insurance.

Posted: Jun 22, 2021

Will Cyber Liability Be an Insurable Risk in 10 Years?

The cyber liability market will continue to grow organically as insureds decide to increase their current cyber limits and many more look to buy cyber for the first time.

Posted: Jun 20, 2021

3 Ways to Add to Your Client and Carrier Relationships with Surety

Agents can play a central role in identifying carriers and matching their surety appetite to their clients. Here are three ways agents can add value with surety.

Posted: Jun 20, 2021

Talk InsurTech at ITC Vegas

Attend the world’s largest InsurTech event in Las Vegas, Oct. 4-6.

Posted: Jun 20, 2021

Sierra Specialty Launches Agribusiness Program Nationwide

Coverage focuses on the farming and agriculture industry, including hard-to-place or boutique farms on a non-admitted basis.

Posted: Jun 20, 2021

Are You Asking Boat Insurance Customers These Questions?

Five questions to help you properly insure your boat insurance customers.

Posted: Jun 20, 2021

How Offering Excepted Benefits Plans Can Help Small and Midsize Business Clients

Many businesses of this size struggle with recruiting and retaining key talent because they can’t offer optimal health benefits. Excepted benefits plans may be the answer.

Posted: Jun 20, 2021

Sierra Specialty Launches Agribusiness Program Nationally

Coverage focuses on the farming and agriculture industry, including hard-to-place or boutique farms on a non-admitted basis.

Posted: Jun 20, 2021

Does ‘Damage to Property of Others’ Liability Extend to a Family Member?

An insured’s son was mowing her lawn when the lawnmower threw a rock into the neighbor’s truck window. The son doesn’t want to file under his homeowners and feels that his mother’s HO3 should pay the claim.

Posted: Jun 17, 2021

Senate Banking Committee Holds Second Hearing on NFIP Reauthorization

The hearing covered topics including the structure of the National Flood Insurance Program, the need to reauthorize the program, affordability issues, mapping and mitigation, the role of private flood insurance, and Risk Rating 2.0.

Posted: Jun 16, 2021

DOJ Sues to Block Aon and Willis Towers Watson Mega Merger

The Department of Justice complaint alleges the merger would substantially harm competition and leave Americans with fewer choices, higher prices and lower quality services.

Posted: Jun 16, 2021