IA Magazine

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

New Everest A&E Policy Offers Professional Liability, Pollution and Cyber Coverage

The new architects & engineers professional liability policy provides design professionals with professional, pollution and cyber liability coverage, as well as robust risk management services.

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

What’s the Difference Between a DP3 and a HO3?

A client had a secondary home insured with the DP3 that they just moved into on a fulltime basis. What's the best way to compare the DP3 and HO3 homeowners policies?

Posted: Apr 29, 2021

Agency Pay Slows But Salary Satisfaction Highest in 5 Years

2020 saw a decrease in overall salary and total income growth for insurance agency personnel—yet satisfaction rates rose, especially in agencies that offered employee benefits.

Posted: Apr 28, 2021

President Biden Unveils the American Families Plan

Most importantly for independent agents, the president’s plan does not call for any changes to the 20% tax deduction for small businesses. The plan is, however, expected to see several changes.

Posted: Apr 28, 2021

6 Things to Consider with Out-of-State Remote Employees

Depending on where you and your employers are located, you may need to consider the laws in the state where your employees are working to stay compliant. Here are some requirements to consider.

Posted: Apr 27, 2021

Are You Leveraging the Right Team for Cross-Selling?

Here's why your customer service representatives and account managers should take the lead with cross-selling and up-selling initatives.

Posted: Apr 26, 2021