The insurance industry is facing a crisis. Twenty percent of the insurance workforce is near retirement age, compared to only 15 percent of the broader financial services workforce. By 2018, the number of the insurance workforce at near retirement age …
In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are a sport and called “football,” they couldn’t be more different. They have different histories, scores are tallied differently, and …
There are times when what agents don’t know can hurt them, and this is one of them. I refer to the all-too-often overlooked, and recently targeted, ownership of policy “expirations” – policy, policyholder and account information. At the crux of …
The Obama Administration’s recent decision to delay implementation of the Employer Mandate and reporting requirements in the Affordable Care Act should be viewed as a welcomed move. Namely, it’s an opportunity for U.S. businesses to prepare for the most significant …
There is a wide array of state, federal, and international laws requiring individuals and entities that gather, use and secure “personal” or “protected” information to report, and/or “notice,” when this type of information is accessed or acquired without authorization. The …
The past two years have seen interesting developments unfold on both sides of the Atlantic with regard to managing general agents and their representation, albeit electing to move in slightly different directions. In May, the 87-year old American Association of …
The following is a fictional communication that in reality could be taking place in your office today. Retail Agent: I nd a qte asap on this prop (I need a quote as soon as possible on this property) Broker: addy …
John Wesley once said: “Catch on fire with enthusiasm, and people will come for miles to watch you burn.” Before I began my career in insurance, I spent my first few years out of college on staff with a local …
Excitement is building for critical legislation, the “National Association of Registered Agents & Brokers (NARAB II) Reform Act.” The Independent Agents & Brokers of America (Big “I”) strongly supports this bill that streamlines nonresident licensing of agents and brokers to …
Congress faces a packed agenda this year. Deficit reduction, immigration reform and gun control will dominate the agenda. But another issue must be added to the docket — reauthorization of the Terrorism Risk Insurance Act because of its importance to …
