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| State News |
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| Association News |
| Trusted Choice® | | Submit Feedback on Trusted Choice® Mobile App | | Have you tried the new app yet? We want to know about your experience. | | With the recent release of the Trusted Choice® mobile app in both the iTunes store and Google Play (formerly the Android Marketplace), we want to find out about your user experience. If you’ve downloaded the mobile app, please complete our brief survey and let us know what you like, what you don’t like and any issues you may have had. | | Author: Paul Banuski | | |
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| Communications | | Project CAP Announces Agent Webinars in March, April | | Agents get overviews of branding, results. | | Project CAP, the Big “I”-founded initiative to provide digital marketing tools and services to help independent agencies to build their online brands, is hosting webinars for independent agents in March and April. These Project CAP webinars are open to subscribers of the Quick Start or Quick Start Plus packages. | | Author: Martin Agather | | |
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| Communications | | IIABA Seeks Board Nominations | | Applications to serve on IIABA committees, task forces and boards are due by April 30. | | The perpetuation of IIABA’s strong committees, task forces and boards is very important to planning for the business activities of the year ahead. IIABA seeks qualified agents to serve on them in 2012-2013. | | Author: Cathy Spencer | | |
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| InVEST | | Donate to InVEST Silent Auction | | Last call for auction items is extended until March 30. | | Don’t miss the chance to donate an item to the hottest event at the Legislative Conference & Convention, and have your name in front of top movers and shakers of the insurance industry, all while donating to a good cause. The InVEST Silent Auction will once again be held during YAC Gives Back: A Benefit for InVEST Scholarships. | | Author: Jennifer Robinson | | |
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| Young Agents | | Don’t Gamble on the Future—InVEST in It | | Young Agents to host benefit for student scholarships. | | The Big “I” national Young Agents Committee will be hosting YAC Gives Back: A Benefit for InVEST Scholarships on Thursday, April 27 during the Big “I” Legislative Conference & Convention in Washington, D.C. The exciting evening event offers entertaining games and is home to the InVEST silent auction. | | Author: Susan Bonner | | |
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| Big “I” Markets | | Provide Loss of Tax Credit Coverage | | MiddleOak® offers optional endorsement. | | Loss of tax credits is not typically covered under the standard definition of business income. But MiddleOak® is introducing an optional endorsement that provides coverage for loss of Low-Income Housing Tax Credits or Recapture of Historical Rehabilitation Tax Credits, effective March 12. | | Author: Gary Heiligman | | |
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| Best Practices | | Discover, Train and Reward Top Producers | | Guide explains process of hiring, training and compensating. | | One of the most commonly asked questions about hiring new producers is, what will it cost and how long will it take for the producer to be profitable to the agency? The Best Practices guide, Top Producers: Discover, Train, Reward, can help agency principals come up with an answer. | | Author: Jennifer Becker | | |
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| Big “I” Markets | | Agents Binding Big Ones | | Members in Texas, Tennessee and Connecticut share BIM successes. | | Big “I” Markets is pleased to announce the latest success: a $35,000 binder written by Kevin Johnson from the W.M. Jones agency in Houston. Kevin utilized The Hartford's Specialized Truck & Equipment Program to write a package policy that included coverage for several trucks and workers’ compensation. | | Author: Gary Heiligman | | |
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| Big “I” Retirement | | Harness the Power of Compound Interest | | Big “I” Retirement can assist in securing agents’ future. | | Albert Einstein has been quoted as saying, “The most powerful force in the universe is compound interest.” The best way to explain compound interest is through an example. Read on to learn how a $10,000 investment can grow significantly over the years. | | Author: Christine Muñoz | | |
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| Education | | Comply with Triple Net Lease Insurance Requirements | | Article, webinar detail lease requirements. | | There are many types of leases: simple occupancy leases, percentage leases often used with retail properties and net leases. Black's Law Dictionary defines a net lease as a "lease in which provision is made for the lessee to pay, in addition to rent, such additional expenses as the taxes, insurance and maintenance charges." | | Author: Jennifer Becker | | |
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| Insurance Views | | The Hartford Exits Life Business | | Increasing complexity of products makes multiple line focus difficult for carriers. | | Following an evaluation of the company’s strategy and business portfolio and amid intense pressure from a major investor, The Hartford announced yesterday it would place its individual annuity business into runoff. It plans to pursue sales or other strategic alternatives for individual life, Woodbury Financial Services and retirement plans. | | Author: Dave Evans | | |
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| On the Hill | | House Majority Leader Cantor Files Small Business Tax Cut Bill | | Big “I” supports legislation as pro-growth, pro-small business. | | This week, the Big “I” joined numerous small business and tax reform groups in support of a new small business tax cut bill. H.R. 9, the “Small Business Tax Cut Act of 2012,” would be beneficial to both Big “I” members and their small business clients. | | Author: Ryan Young | | |
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| P-C Trends | | Dry Winter Lowers Risk of Major Spring Floods | | Still, heavy rainfall can cause flood damage to homes, businesses, few of which have coverage. | | The Ohio River basin and Central Gulf Coast have the greatest risk for major flooding this spring, the National Oceanic and Atmospheric Administration says in its flood outlook released this month. While risk is above normal there because of saturated soils and high river levels, no area of the country is considered high-risk for flooding for the first time in four years. | | Author: Victoria Goff | | |
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| On the Hill | | McCarran Ferguson Repeal for Health Insurance Passes House | | P-C, medical malpractice, life insurance and other lines are protected. | | Today, as part of a larger health care bill, the U.S. House of Representatives passed an amendment that would repeal the McCarran Ferguson antitrust protections for the business of health insurance. | | Author: John Prible | | |
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| On the Hill | | House Republicans Release Budget Blueprint | | Tax code and health care reform take center stage. | | Rep. Paul Ryan (R-Wis.), U.S. House Budget Committee chairman, kicked off the Congressional budget writing process this week by releasing his FY 2013 budget blueprint. Although Congress is unlikely to pass a budget this year, the House Republican budget lays down important markers on issues that directly impact the independent agency system. | | Author: Ryan Young | | |
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