As an independent agent, you possess many advantages over the national P/C marketers that operate mainly online and over the phone. One strong point, among many, is that you operate out of a local office. Don’t look at this as …
Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry conference. While a rating agency analyst contends …
Almost every agency owner I’ve ever met, and I’ve met maybe thousands, has wanted to grow his or her agency. Many, maybe most, have been stuck. Whether they are stuck at $300,000 revenue, $500,000, $6 million or $20 million, they …
State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition to home state taxation and regulation of surplus lines …
Written By David Connolly iQ Consulting Inc. The incumbent agent stands between you and sales success. For you to win, they must lose. Understand, we are not just asking prospects to do business with us, we are asking them to …
Superstorm Sandy landed one final stunning blow to New Jersey on Thursday, Jan. 24, as the state adopted rebuilding guidelines that come with sticker shock. They will force homeowners in flood zones to spend tens of thousands of dollars to …
The Massachusetts Association of Insurance Agents (MAIA) this week has asked the state’s Merit Rating Board and the Division of Insurance to investigate GEICO for allegedly failing to report at-fault accident data to the Merit Rating Board, in violation of …
New York Gov. Andrew Cuomo’s proposal to strengthen the state’s workers’ compensation system — officially introduced on Jan. 22 as part of his 2013-2014 executive budget — is getting a positive reception from insurance industry associations.The American Insurance Association (AIA) …
Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have another 30 days to file claims for their flood losses. Policy owners now have until Feb. 21 to complete their proof of …
Louisiana Commissioner of Insurance Jim Donelon has denied a request by State Farm Fire & Casualty Co. (State Farm) to introduce a regional deductible plan for its Louisiana homeowner’s program. Donelon said the company’s request “failed to meet the requirements …
