IA Magazine

DOL Withdraws Trump-Era Worker Classification Rule

The rescinded rule would have put more emphasis on the nature and degree of the worker’s control over the work and the worker’s opportunity for profit or loss in the “economic realities” test.

Posted: May 17, 2021

From Cybercrime to Sexual Molestation, Risks Facing Public Entities Increases

Facing unique risks and an extremely challenging landscape, cyber liability is an area where agents should make sure all public entities have coverage.

Posted: May 16, 2021

Does Cyber Insurance Make Ransomware Attacks Worse?

Ransomware attacks require a whole suite of incident response and remediation from insurers, a response seen most recently in dealing with the Colonial Pipeline ransomware attack.

Posted: May 16, 2021

Turbulence in the Professional Liability Market Continues

COVID-19 resulted in increased number of insolvencies, layoff-related discrimination and wrongful termination claims, and cyber breaches with carriers reacting with higher premium rates, reduced capacity and tighter underwriting requirements.

Posted: May 16, 2021

Surround Insurance Targets the Next Generation of Consumers

Surround Core launches a renters policy, a named non-owned auto policy, and a miscellaneous professional liability policy in a flat-priced package designed for millennial and Generation Z consumers.

Posted: May 16, 2021

Does ‘Work-Related Harassment’ Include Sexual Harassment?

Should employment practices liability insurance that covers “work-related harassment" specifically mention sexual harassment?

Posted: May 13, 2021

Only 20% of Middle Market Companies Rely on an Agent or Broker

While middle market companies say risk management is extremely important to their firm, mitigating exposures with the help of an insurance agent is not a high priority.

Posted: May 12, 2021

Legislation to Delay Risk Rating 2.0 Introduced in the House

The “National Flood Insurance Program Reporting on Impact to Seaboards and Counties Act” would delay the implementation of Risk Rating 2.0 by requiring FEMA to release an impact analysis of new flood insurance rates prior to any changes.

Posted: May 12, 2021

Business Income and the Supposed Ambiguity of 'Direct Physical Loss of or Damage to'

With COVID-19, attorneys content that losing the use of a building qualifies as “physical loss of” the building and triggers a business income loss. The courts have been asked to decide.

Posted: May 11, 2021

Aon, Willis Towers Watson to Sell Assets to Gallagher for $3.57 Billion

The deal allows Aon Plc and Willis Towers Watson, the second and third largest brokers globally, to move one step closer to a merger.

Posted: May 11, 2021

Business Income and the Supposed Ambiguity of “Direct Physical Loss of or Damage to”

Attorneys contend that losing the use of a building qualifies as “physical loss of" the building therefore triggering a business income loss. COVID-19 is putting that contenion to the test and courts have been asked to decide.

Posted: May 11, 2021

Unpaid Work Hours, Increased Responsibilities on the Rise in COVID-19 Workplace

COVID-19 has brought about an increase in conditions ripe for workplace burnout including longer working hours, taking on additional tasks and working on non-working days, according to a study by the ADP Research Institute

Posted: May 11, 2021

11 Habits of Top-Performing Agents

Success comes when you channel some serious self-awareness and figure out what habits and activities allow you to produce your best work.

Posted: May 10, 2021

3 Ways Insurance Agents Can Help Restaurants Bounce Back

After an extremely difficult year, restaurant owners are beginning to see the light at the end of the tunnel. Here are three ways agents can help their clients as they return to some sort of normalcy.

Posted: May 09, 2021

QBE Launches Property Product to Provide Tailored Commercial Insurance

The new product offers midsize businesses comprehensive property coverage that includes base coverages and a large suite of endorsements.

Posted: May 09, 2021

4 Tips to Insure Clients When Travel Restrictions Ease

As people start traveling again, whether on holiday, extended travel, or relocating, health and safety is now at the forefront of their minds. Here are four tips to ensure they have adequate insurance coverage.

Posted: May 09, 2021

New York Appeals Court: Controversial ‘Best Interest’ Rule Is Unconstitutional

The court unanimously ruled the regulation governing the manner in which insurance producers offer annuities and life insurance as unconstitutional—a major victory for independent insurance agents across the country.

Posted: May 05, 2021

Business Relationships Hurt by Lack of Travel, Says Chubb Survey

COVID-19 has harmed business travelers ability to maintain relationships with clients and business partners, according to a survey from Chubb.

Posted: May 05, 2021

How COVID-19 is Accelerating Auto Claims Automation

The past year has forced auto insurance carriers and consumers alike to adapt virtual claims processes at an accelerated rate. Now is the time for insurers to continue to develop and refine their claims handling digital transformation.

Posted: May 05, 2021

Why DIC and DIL Clauses Are Key for Insuring Multinational Risks

Difference in conditions and difference in limits are valuable clause enhancements to a client’s multinational program when uniform terms and conditions are desired to resolve international losses.

Posted: May 04, 2021

You're a Family-Run Agency but Are You a Family-Friendly Agency?

Why treating your team like family is the secret to a happy and healthy workforce.

Posted: May 04, 2021

You're a Family-Run Agency but Are You a Family-Friendly Agency?

Why treating your team like family is the secret to a happy and healthy workforce.

Posted: May 04, 2021

Why Education is the Way Forward for a Post-Pandemic Agency

Continuing education will always be a key to an agency’s success. Here's how COVID-19 has changed what and how we learn.

Posted: May 03, 2021

How Restaurant Owners Learned to Survive During the Pandemic

Restaurant owners had to become innovative if they had any chance of succeeding over the past year. These changes introduced new risk exposures impacting their insurance policies.

Posted: May 02, 2021

How the Shift to Remote Workplaces Impacts Your Commercial Clients’ Insurance Needs

As COVID-19 plunged businesses into remote work models, agents' understanding of these changes had to evolve to ensure coverage of their clients’ risks.

Posted: May 02, 2021