IA Magazine
Wildfires are a wide-reaching risk that occur with little warning. The more homeowners understand about the claims process, the easier it tends to be.
Posted: Aug 25, 2024
The nonprofit owns buildings and has tenants, as well as collects donations. Donations appear on the nonprofit’s profit and loss statement and therefore impact the profits.
Posted: Aug 22, 2024
This week, a Texas district court ruled that the Federal Trade Commission (FTC) cannot enforce its ban on noncompete agreements.
Posted: Aug 21, 2024
Both residential and commercial property saw total reconstruction costs increase from July 2023 to July 2024.
Posted: Aug 21, 2024
A combination of taditional and creative benefits that meet employee needs is necessary to maintain a productive workforce.
Posted: Aug 20, 2024
Nancy Germond, Big “I" executive director of risk management and education, is a second-generation insurance professional who has written scores of risk-management articles and a book on workers compensation.
Posted: Aug 20, 2024
Accurate property valuations are essential, yet companies often unknowingly underreport the value of their property assets, potentially leaving them underinsured.
Posted: Aug 18, 2024
Insured event triggers include impairment, government recall, malicious product tampering and product extortion.
Posted: Aug 18, 2024
For independent insurance agents, capturing the underserved life insurance market of young consumers and keeping apprised of their needs can open up opportunities.
Posted: Aug 18, 2024
Experts answer the most frequently asked questions by brokers about prescription drug plans.
Posted: Aug 18, 2024
An agency is considering adding language in its agent of record (AOR) letter advising that the agency is not responsible for any deficiencies that exist in the coverage until it has a reasonable chance to review the coverages.
Posted: Aug 15, 2024
As thousands more people move in rather than out of fire- and flood-prone areas, there is a real opportunity for independent agents to help counter the decline in flood insurance coverage.
Posted: Aug 14, 2024
As thousands more people move in rather than out of fire- and flood-prone areas, independent agents have an opportunity to counter the decline in flood insurance coverage.
Posted: Aug 14, 2024
Use the 2024 Best Practices Study insights to see how your agency's performance measures up—starting with sales velocity.
Posted: Aug 14, 2024
A single CAT event can result in many financial implications for an agency, including agency valuations.
Posted: Aug 13, 2024
2024's rate increases continue the trend set in 2023, which saw premiums rise by 24% after insurers experienced record underwriting losses of $33.1 billion in 2022.
Posted: Aug 11, 2024
Almost all American seniors take at least one prescription drug, and one-third take three or more. Brokers can help seniors get the most out of their prescription drug plan.
Posted: Aug 11, 2024
The DP3 surplus lines product can cover a wide range of dwelling types, including primary residences, secondary homes, rental properties and seasonal homes.
Posted: Aug 11, 2024
Challenges such as driver shortages, distracted driving, social inflation as well as changing marijuana legalization continue to be a impact the commercial auto market.
Posted: Aug 11, 2024
Challenges such as driver shortages, distracted driving, social inflation as well as changing marijuana legalization continue to be a impact the commercial auto market.
Posted: Aug 11, 2024
After trees fell on an insured's roof during a windstorm, the carrier is limiting payment to remove the trees from the roof to the $1,000 sublimit under Section 1—Additional Property Coverages for Debris Removal.
Posted: Aug 08, 2024
The deduction, which is scheduled to expire at the end of 2025, is heavily relied upon by many Big “I" members and their clients to expand their small businesses, hire more employees, and better serve their communities.
Posted: Aug 07, 2024
Best Practices agencies see record operating and financial results.
Posted: Aug 07, 2024
Today, with virtual work, your agency could lose that tribal knowledge—information known within a group of people—unless you take coordinated steps to preserve that information.
Posted: Aug 06, 2024
While the adoption of automated vehicles are playing a significant role in improving industry safety, the journey toward autonomous trucking has begun to unfold in earnest.
Posted: Aug 04, 2024