IA Magazine

Broker of the Future: Embrace Technology to Serve Generations of Tomorrow

Now is the time for brokers of the future to take stock of their business environment and redefine how they will thrive in a new, post-COVID-19 economy.

Posted: Mar 21, 2021

Digital Consumption Opens Up Insurance Exposures for SMEs

The rapid changes that businesses of all sizes were forced to undergo over the past year have opened up some opportunities previously unavailable to smaller businesses. But with these new opportiunities comes new risks.

Posted: Mar 21, 2021

Environmental Insurance: The Next Emerging Market After Cyber?

In a world where the top five global risks identified by the 2020 World Economic Forum are environment-related, increased exposures and liabilities are setting the market up for a complete evolution.

Posted: Mar 21, 2021

Chubb Offers $23 Billion to Acquire The Hartford

If agreed to, the transaction could be the biggest insurance deal since 2020 and the largest property-casualty insurance sector deal since 2016.

Posted: Mar 21, 2021

Can an Insured Dispute a Carrier’s ACV Appraisal of a Vehicle?

The carrier says that a totaled food truck only two years old and driven 22,000 miles has depreciated over 30%. It bases the price on a "market survey." Can the insured dispute the appraisal based on actual physical depreciation?

Posted: Mar 18, 2021

FOX’s Bill Hemmer to Address Big ‘I’ Members

The FOX News anchor will discuss the current political landscape at the Big “I” Virtual Legislative Conference.

Posted: Mar 17, 2021

Medicare for All Reintroduced in the House with Significant Democratic Support

The legislation would replace the current, employer-sponsored healthcare system with a single-payer system that would guarantee health insurance for every American.

Posted: Mar 17, 2021

House Passes Legislation to Extend PPP Deadline

The legislation extends the Paycheck Protection Program to May 31, 2021, and provides an additional 30 days for the U.S. Small Business Administration to process loans submitted prior to the new deadline. It now heads to the U.S. Senate.

Posted: Mar 17, 2021

Cannabis Legislation Introduced in Congress

The legislation would prevent criminal prosecution and civil liability against agents and brokers who choose to engage with cannabis-related legitimate businesses.

Posted: Mar 17, 2021

Top 3 Reasons Why People Leave the Insurance Industry

Work-life balance and family life, as well as mental stress were identified as the recurring themes in reasons for leaving the insurance industry, according to a study by Vertafore.

Posted: Mar 16, 2021

Options Abound in the M&A Buyer Universe

Today’s agency owners have many objectives and options when considering potential perpetuation partners beyond just the highest possible valuation.

Posted: Mar 15, 2021

3 Reasons Why Agents Should Offer Life Settlement as an Option

The life settlement industry has come a long way over the last few decades. Adding life settlements to the list of recommended options allows agents to offer a broader range of services to clients.

Posted: Mar 14, 2021

Broker of the Future: Break with Tradition and Go Digital

Brokers of the future have an opportunity now and in the future to embrace technologies that deliver traditional protection in new ways—faster, more easily and to more customers.

Posted: Mar 14, 2021

3 Ways to Navigate Post-Pandemic Special Events Insurance

COVID-19 hit the special events market hard yet there is a sense of optimism for when things return to normal. Here are three tips for agents to help their clients get ready for when the lights finally come back on.

Posted: Mar 14, 2021

COVID-19’s Impact on Inland Marine Exposures: Key Questions to Ask

Help your inland marine customers navigate the changing business landscape and make sure that they have adequate inland marine coverage.

Posted: Mar 14, 2021

Can a Landlord Take Out a Policy in a Renter’s Name?

A landlord asked if he could purchase a renters policy for his renters. However, he requires them to purchase insurance when they sign the lease. Is that possible?

Posted: Mar 11, 2021

House Passes PRO Act

The Big “I" opposes the Protecting the Right to Organize Act in its current form and is working to seek an exemption from the ABC test for insurance agents and financial advisors.

Posted: Mar 10, 2021

Congressional Speakers for 2021 Big ‘I’ Virtual Legislative Conference Announced

The conference will be held April 13-16, 2021, and registration is complimentary to all attendees thanks to the support of our sponsors.

Posted: Mar 10, 2021

COVID-19 Relief Package Signed Into Law While Separate Agreement to Extend PPP Reached in the House

The legislation includes an additional $50 billion for small businesses and an additional $7.25 billion for the Paycheck Protection Program, which is currently scheduled to shut down on March 31.

Posted: Mar 10, 2021

COVID-19 Relief Package Signed into Law While Separate Agreement to Extend PPP Reached in the House

The legislation includes an additional $50 billion for small businesses and an additional $7.25 billion for the Paycheck Protection Program, which is currently scheduled to shut down on March 31.

Posted: Mar 10, 2021

Big ‘I’ Advises Administration to Resist Cuts to FCIP

The Big "I" expects attacks on the Federal Crop Insurance Program in President Biden's FY2022 budget but remains committed to advocating for a robust and strong program.

Posted: Mar 10, 2021

COVID-19 Relief Package Passes Congress while Separate Agreement to Extend PPP reached in the House

The legislation includes an additional $50 billion for small businesses and an additional $7.25 billion for the Paycheck Protection Program which is currently scheduled to shut down on March 31st.

Posted: Mar 10, 2021

Bob Rusbuldt: The Independent Agents’ Advocate

“My goal every day is to advance the ball for independent agents, sometimes I go for a few yards for a first down, sometimes I go for the touchdown," says Bob Rusbuld, CEO of the Big "I." “Every day I wake up excited to do my job."

Posted: Mar 09, 2021

A Year in Review: COVID-19 Business Interruption Coverage Disputes

While the trend remains that most courts find claims are not covered, each claim still needs careful consideration based on the specific policy language and factual circumstances.

Posted: Mar 08, 2021

From the Front Lines: Hotel Liability

"Don't just provide hotel owners a quote on insurance. They aren't risk experts," says independent agent Mike Barnum. "Help them identify their largest exposures and what can be done to minimize them outside of insurance."

Posted: Mar 07, 2021