Agents & Brokers News

Essentials: Do Brokers Have to Offer the Cheapest Coverage?

The question of whether insurance brokers are required to obtain the lowest cost insurance that meets the insured’s needs was answered recently by the Missouri Supreme Court in the case of Emerson Electric Co. v. Marsh & McLennan Cos., 362 …

Don’t Miss Out: Be a BEST Agency to Work For

Insurance Journal is once again searching for the best independent insurance agencies in the United States to work for and we hope you will consider nominating your agency today. You must be a current employee of the agency you are …

Tennessee Spells Out Qualifications for Exempt Commercial Risk Policyholders

Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state. As of July 1, a new section was added to Tennessee’s …

Is Your Agency a BEST Agency to Work For?

Insurance Journal is once again searching for the best independent insurance agencies in the United States to work for and we hope you will consider nominating your agency today. You must be a current employee of the agency you are …

House Passes Tax Rate Extension Act

The U.S. House of Representatives passed H.R. 8, the “Job Protection and Recession Prevention Act,” that would extend the 2001 and 2003 tax rates through 2013. H.R. 8 includes an extension of current marginal tax rates, as well as dividend …

What to Know About the New Flood Insurance Program

If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed, often-maligned program …

The Future of Producer Compensation

It is a fact that many people with the title “producer” don’t produce. They service and they accept what comes to them, but they do not produce. It is also a fact that companies are going to find a way …

Looming Agent Retirements: Carriers Face Major Turnover

More than 25 percent of independent agency owners and principals are planning to retire or change careers and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes about insurance companies, conducted …

The Business of Insuring Correctional Facilities

Montana State Prison inmate files suit for $2.2 million in federal court after he injures a toe when his foot got caught in a grain auger at the prison dairy. A Howard County, Indiana, inmate files a lawsuit claiming the …

Florida Agents’ Association Installs Laurie as Chair; Honors Gunter

The Florida Association of Insurance Agents installed its new officers and board members for the 2012-2013 at its 108th Annual Convention and Educational Symposium. John C. Laurie has been named as the new FAIA chair for 2012-2013. Laurie has previously …