IA Magazine

Resilience Insurance Addresses ‘Silent Cyber’ with Capacity from Intact Insurance

The policy provides a comprehensive solution to protect middle-market businesses from costly incidents that aren’t covered under current policies.

Posted: Feb 28, 2021

4 Things to Consider Before Entering the Cannabis Market

As cannabis sales increase exponentially, so too have the number and type of products on the market. As the market grows, here are four things to keep in mind:

Posted: Feb 28, 2021

Research Shows the Average Cost of Product Liability Insurance

The study by AdvisorSmith provides insight into a sector of the industry that has seen a dramatic increase in claims and activity during the COVID-19 pandemic.

Posted: Feb 28, 2021

Who Files the Auto Claim After a Car Is Stolen from a Repair Shop?

A personal auto client has liability coverage only on his car. He brought it to a franchise repair shop and the car was stolen while in the shop’s care, custody and control.

Posted: Feb 25, 2021

PPP to Prioritize Small Businesses as Congress Considers Additional COVID-19 Relief

Earlier this week, the U.S. Small Business Administration announced changes to the Paycheck Protection Program assisting small businesses to secure loans. Also this week, the House is scheduled to vote on President Biden’s $1.9 trillion COVID-19 reli...

Posted: Feb 24, 2021

Elevate Trilogy Keynote Speaker Bonin Bough: Creating Value by Breaking Things

Elevate Trilogy Part One: Marketing is taking place today with a keynote presentation from one of the youngest C-suite executives of a Fortune 50 company.

Posted: Feb 24, 2021

Vertafore Partners with Rocket Referrals to Provide New CRM Tools

The partnership aims to help independent agencies build stronger relationships with their clients through more meaningful client engagement, direct from their agency management system.

Posted: Feb 24, 2021

President Biden Criticizes Home and Auto Insurance Pricing

The president's comments came during a CNN town hall where he mentioned disparities in insurance pricing for home and auto insurance particularly for lower-income and minority consumers.

Posted: Feb 24, 2021

Student of the Industry: Where Do Premium Dollars Go?

Has a customer ever asked you where their premium dollars go? Put on your philosopher’s cap and discover how there's more to it than meets the eye.

Posted: Feb 22, 2021

Sankaty Light Benefits Provides Additional Health Coverage for Key Employees

As an excepted benefits plan, it provides an annual benefit of $100,000 per plan participant, with a per-occurrence limit of $10,000 for select employees.

Posted: Feb 21, 2021

4 Emerging Trends in Medical Malpractice Insurance

2020 was a year of tremendous change in the medical industry and the signs are that 2021 will be no different. Here are four considerations agents should discuss with medical practitioners to ensure they are adequately covered.

Posted: Feb 21, 2021

How 2020 Took the ‘Essential’ Cannabis Industry Higher

The cannabis industry saw a big change in its landscape in 2020. With a projected $35 billion in U.S. legal sales over the next four years legislators, insurers and agents alike are taking notice.

Posted: Feb 21, 2021

From the Front Lines: Cannabis

"I don't think we're going to see an insurance change until it becomes federally legal," says independent agent Sabrina Alkire. "However, we've seen more companies come into the market and more types of policies become available, like directors & off...

Posted: Feb 21, 2021

Why Offer Terrorism Coverage for CGL and Umbrella Policies?

Why must an insured accept or reject Terrorism Risk Insurance Act coverage under a commercial general liability or umbrella policy? Does the TRIA act provide any coverage that would fall under these policies?

Posted: Feb 18, 2021

7 Steps to Serving Clients Through Mail Delays

The mail delays over the past number of months have made invoices and insurance payments arrive late, often resulting in dropped coverage for clients. Here are seven ways to keep your team and clients up to speed.

Posted: Feb 17, 2021

Agents, Brokers Post Record Profits in 2020

In the first quarter of 2020, agents and brokers predicted 7% growth. In 2021, agents and brokers are predicting a bullish 6% growth.

Posted: Feb 16, 2021

Progressive to Buy Transportation Insurer Protective in $338 Million Deal

The acquisition allows Progressive to add products for larger fleets and brings expertise in workers comp coverage for the transportation industry, which are new areas of business for Progressive.

Posted: Feb 16, 2021

Balancing Act: Customers Demand Both a Digital and Personal Experience

While 73% of independent agents say their customers expect a fully digital experience, 91% report an increase in customers' desire to speak to an agent when they have questions.

Posted: Feb 15, 2021

Golf Bag Bling: What Is a ‘Motorized Vehicle’ on a Standard Homeowners Policy?

Clients have purchased remote-controlled electric golf bag carriers. How would a homeowners policy respond if one of these ran into a person or another vehicle, either on the course or in the parking lot of the clubhouse?

Posted: Feb 11, 2021

60% of the Workday Lost to ‘Work About Work,’ Study Reveals

Organizations of every size and across all industries are losing countless hours to work about work: the time wasted on searching for information, switching between apps and holding status meetings.

Posted: Feb 10, 2021

Top 5 Insurance M&A Deals in Q4 2020

The five major deals accounted for 100% of the fourth quarter's total deal value, with the largest deal being the $3.94 billion acquisition of Metlife Auto & Home Insurance Agency by Zurich Farmer's Group and Farmer's Exchanges.

Posted: Feb 10, 2021

Selective’s College Competition Kicks Off

The annual contest provides teams of students with the opportunity to gain valuable insurance experience and networking opportunities.

Posted: Feb 09, 2021

Marketing Basics Haven’t Changed, But Delivery Has

Agencies have the tools available to better understand audiences, update message delivery channels and reach clients in the best way possible.

Posted: Feb 08, 2021

4 Ways to Boost Your Personal Auto Business in 2021

While the personal auto market will be under pressure in the short term, there are opportunities for agencies to grow. Here are four ways agents can improve their personal auto book.

Posted: Feb 07, 2021

Wright Specialty Launches New Education Coverage

The Wright Specialty Education Insurance Program, offered in conjunction with Munich Re, delivers a broad range of property-casualty coverages for schools, colleges and universities.

Posted: Feb 07, 2021