Monthly Archives: <span>April 2020</span>

15 Things Young Agents Like Most

That this career offers freedom and room for advancement. I like the stability of the industry. People will always need insurance. The ability to work with many different carriers to provide clients with as many options as possible to choose …

Turning 50, Invest High School Program Eyes Apprenticeships for Independent Agencies

A new apprenticeship program aimed at attracting and developing talent in the independent agency system is being rolled out by an insurance education organization that celebrates its 50th anniversary this year. Invest, the insurance education program affiliated with the Independent …

Red Skies in the Morning, Insurers Take Warning

Red skies at night, sailors’ delight. Red skies in the morning, sailors take warning. Just as the old adage infers, when it comes to marine risks, there will be losses. But, not every loss can be attributed to the weather, …

People & Places

National Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation with Marsh JLT Specialty. Hanrahan is succeeding Simon Harker, who is retiring after 44 years in the industry. Based in Dallas, Hanrahan will report to …

My New Markets

Standard Personal Lines Access Market Detail: IBI – Insurance Brokers (www.goibi.com) offers an outlet for standard personal lines contracts. Agents can work with IBI to access Travelers, Safeco, Nationwide, MetLife and others. Competitive commissions, online access available. Available limits: Minimum …

Wisconsin’s Society Insurance Hit with Lawsuits Over Coronavirus Claim Denials

Two lawsuits have been filed in federal court in Illinois by a group of businesses that were forced to close their operations by government authorities as a result of the COVID-19 pandemic over the denial of business interruption claims by …

Insurance Industry Unites Through IICF to Help Vulnerable Children During Unprecedented Pandemic

A note from Julie Tinney: This iJam blog post was supposed to be very different when we originally planned it. But right now, coming together as an industry seems more important than the marketing-focused content I’d originally planned with the …

California Workers’ Comp to Exclude COVID-19 From Rating, Payroll

The governing committee of the Workers’ Compensation Insurance Rating Bureau of California on Friday voted unanimously for a special regulatory filing that includes excluding COVID-19 claims from the experience rating and excluding payments to employees who continue to be paid …

Who Got Money in Small Business Paycheck Protection Program?

WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture is emerging of who got the money. More than …

Washington Commissioner Says Most Business Insurance Policies Exclude Pandemic, Virus Coverage

Washington Insurance Commissioner Mike Kreidler polled Washington state insurers to get a thorough picture of business interruption insurance and found that only two insurers offer coverage for a pandemic event through their base policy. An additional 15 offered limited coverage …