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Independent Agent Magazine

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DOJ Sues to Block Aon and Willis Towers Watson Mega Mergerhttps://www.iamagazine.com/news/doj-sues-to-block-aon-and-willis-towers-watson-mega-mergerDOJ Sues to Block Aon and Willis Towers Watson Mega MergerThe Department of Justice complaint alleges the merger would substantially harm competition and leave Americans with fewer choices, higher prices and lower quality services. 6/17/2021 1:00:00 PMIn the NewsIn the NewsNewsWill Jones
Senate Banking Committee Holds Second Hearing on NFIP Reauthorizationhttps://www.iamagazine.com/news/senate-banking-committee-holds-second-hearing-on-nfip-reauthorizationSenate Banking Committee Holds Second Hearing on NFIP ReauthorizationThe hearing covered topics including the structure of the National Flood Insurance Program (NFIP), the role of private flood insurance, and Risk Rating 2.0.6/17/2021 3:00:00 PMOn the HillFlood On the HillNewsWyatt Stewart
Customer Satisfaction Flat Despite Rebates from Auto Insurershttps://www.iamagazine.com/news/customer-satisfaction-flat-despite-rebates-from-auto-insurersCustomer Satisfaction Flat Despite Rebates from Auto InsurersThe main reason why customer satisfaction has stalled: Companies are missing the mark on effective communication with customers.6/16/2021 6:00:00 PMAutoIn the News Auto Personal LinesNewsOlivia Overman
Colonial Pipeline Hacked with Single Passwordhttps://www.iamagazine.com/news/colonial-pipeline-hacked-with-single-passwordColonial Pipeline Hacked with Single PasswordThe cyberattack shut down 5,500 miles of pipeline and cost the company nearly $5 million to regain access to its systems. 6/10/2021 1:10:00 PMCyber LiabilityCyber Liability In the NewsNewsAnneMarie McPherson
Big ‘I’ Provides Comments on New Health Insurance Compensation Disclosure Requirementshttps://www.iamagazine.com/news/big-i-provides-comments-on-new-health-insurance-compensation-disclosure-requirementsBig ‘I’ Provides Comments on New Health Insurance Compensation Disclosure RequirementsThe Big “I" urged the Department of Health and Human Services to avoid any outcomes that formally or effectively apply these new mandates to agents and brokers. 6/10/2021 1:05:00 PMOn the HillOn the HillNewsWyatt Stewart
President Biden Includes Retroactive Tax Increase in Budget Proposalhttps://www.iamagazine.com/news/president-biden-includes-retroactive-tax-increase-in-budget-proposalPresident Biden Includes Retroactive Tax Increase in Budget ProposalImportant for Big “I" members, the budget includes proposals to increase the corporate tax rate, capital gains tax and an end to the "stepped-up basis" allowing the tax free passing of investments to heirs after death.6/3/2021 1:00:00 PMOn the HillOn the HillNewsWyatt Stewart
FEMA Releases New Guidance on Risk Rating 2.0https://www.iamagazine.com/news/fema-releases-new-guidance-on-risk-rating-2-0FEMA Releases New Guidance on Risk Rating 2.0The new information provides localized rate analysis at the zip code level for all 50 states and the District of Columbia, as well as flood mitigation actions for policyholders. 6/3/2021 12:00:00 PMOn the HillOn the HillNewsWyatt Stewart

 

 

4 Ways to Sell Gen Z on an Insurance Careerhttps://www.iamagazine.com/strategies/4-ways-to-sell-gen-z-on-an-insurance-career4 Ways to Sell Gen Z on an Insurance CareerAgency owners can draw Generation Z workers by embracing the four aspects of the insurance industry of strong interest to Gen Z job seekers.6/16/2021 10:00:00 AMRecruiting, Hiring & TrainingRecruiting, Hiring & TrainingStrategiesKristin Nease
Is Floor Damage During Delivery Covered Under CGL or BAP?https://www.iamagazine.com/strategies/is-floor-damage-during-delivery-covered-under-cgl-or-bapIs Floor Damage During Delivery Covered Under CGL or BAP?The insured delivers a refrigerator to a customer. Once in the house, the insured takes the fridge off the dolly to maneuver a small space, but while moving the fridge by hand they scratch the floor.6/11/2021 4:00:00 AMCommercial LinesCommercial Lines AutoStrategiesBig “I” Virtual University Faculty
5 Steps to Create a Successful Internship Programhttps://www.iamagazine.com/strategies/5-steps-to-create-a-successful-internship-program5 Steps to Create a Successful Internship ProgramA quality internship program will enable you to attract bright and ambitious young people and identify those you want to keep for the long term without making a large investment. 6/9/2021 2:00:00 PMRecruiting, Hiring & TrainingRecruiting, Hiring & TrainingStrategiesMarco Albergo

 

 

Will Cyber Liability Be an Insurable Risk in 10 Years? https://www.iamagazine.com/markets/will-cyber-liability-be-an-insurable-risk-in-10-yearsWill Cyber Liability Be an Insurable Risk in 10 Years? As claims frequency and loss ratios rise at an alarming rate and the need for coverage increases, the once-expanding market will likely retract.6/14/2021 10:15:00 AMCyber LiabilityCyber LiabilityMarketsAustin Stolly
Why RV Insurance Is More Than a Cross-Selling Opportunity https://www.iamagazine.com/markets/why-rv-insurance-is-more-than-a-cross-selling-opportunityWhy RV Insurance Is More Than a Cross-Selling Opportunity With more than 11.2 million households owning an RV and 2021 RV shipments projected to break records, agents have an opportunity to capture this business. 6/14/2021 10:05:00 AMRVsRVsMarketsOlivia Overman
4 Tips to Insure Clients When Travel Restrictions Easehttps://www.iamagazine.com/markets/4-tips-to-insure-clients-when-travel-restrictions-ease4 Tips to Insure Clients When Travel Restrictions EaseWith travel predicted to rebound, health and safety is at the front of many clients’ minds. Here are four tips to address adequate insurance coverage. 5/10/2021 10:05:00 AMPersonal LinesPersonal LinesMarketsJoe Cronin
From the Front Lines: Public Entitieshttps://www.iamagazine.com/markets/from-the-front-lines-public-entities_EstelleFrom the Front Lines: Public Entities"Things like cyber and law enforcement liability were not major topics of discussion two decades ago," says independent agent Josh Estelle. "In some ways it is no different than the rest of the world, since all industries face changing exposures." 6/14/2021 10:10:00 AMPublic EntitiesPublic EntitiesMarketsAnneMarie McPherson
How the Stars Are Aligning for Independent Agents and RV Insurancehttps://www.iamagazine.com/markets/how-the-stars-are-aligning-for-independent-agents-and-rv-insuranceHow the Stars Are Aligning for Independent Agents and RV InsuranceThe surge seen in the RV sector is a trend witnessed across the nation. With rates currently stable, opportunities exist for agents to capture new customers or focus on rounding out books of business.6/7/2021 10:20:00 AMRVsRVsMarketsOlivia Overman
How Restaurant Owners Learned to Survive During the Pandemic https://www.iamagazine.com/markets/how-restaurant-owners-learned-to-survive-during-the-pandemicHow Restaurant Owners Learned to Survive During the Pandemic Restaurant owners had to become innovative if they had any chance of succeeding over the past year. These changes introduced new risk exposures impacting their insurance policies. 5/3/2021 10:15:00 AMRestaurants/BarsRestaurants/BarsMarketsOlivia Overman
How the Shift to Remote Workplaces Impacts Your Commercial Clients’ Insurance Needshttps://www.iamagazine.com/markets/how-the-shift-to-remote-workplaces-impacts-your-commercial-clients-insurance-needsHow the Shift to Remote Workplaces Impacts Your Commercial Clients’ Insurance NeedsAs COVID-19 plunged businesses into remote work models, agents' understanding of these changes had to evolve to ensure coverage of their clients’ risks. 5/3/2021 10:05:00 AMCommercial LinesWorkers Comp Cyber LiabilityMarketsAnneMarie McPherson

 

 

Student of the Industry: Private Flood’s Impressive Growth https://www.iamagazine.com/viewpoints/student-of-the-industry-private-flood-s-impressive-growthStudent of the Industry: Private Flood’s Impressive Growth More than $600 million in premium and 160 active insurers—a nice start to private flood. Where is this line of business most prevalent and which insurers are focused on it? 6/15/2021 4:00:00 AMFloodFlood Student of the IndustryViewpointsPaul Buse
Does Cyber Insurance Make Ransomware Attacks Worse?https://www.iamagazine.com/viewpoints/does-cyber-insurance-make-ransomware-attacks-worseDoes Cyber Insurance Make Ransomware Attacks Worse?Ransomware attacks require a whole suite of incident response and remediation from insurers, a response seen most recently in dealing with the Colonial Pipeline ransomware attack. 5/17/2021 10:20:00 AMCyber LiabilityCyber LiabilityViewpointsJoshua J. Motta
Student of the Industry: Do Your Carriers Offer Policy Dividends?https://www.iamagazine.com/viewpoints/student-of-the-industry-do-your-carriers-offer-policy-dividendsStudent of the Industry: Do Your Carriers Offer Policy Dividends?If you're using an insurer that pays dividends—or competing against an insurer that does—you should know their impact. 5/18/2021 4:00:00 AMSales & MarketingSales & Marketing Student of the IndustryViewpointsPaul Buse

 

 

Why Property-Casualty Agencies Should Consider Cross-Selling Opportunities in Life-Healthhttps://www.iamagazine.com/magazine/issues/2021/june/why-property-casualty-agencies-should-consider-cross-selling-opportunities-in-life-healthWhy Property-Casualty Agencies Should Consider Cross-Selling Opportunities in Life-HealthHere's why and how you can find opportunities in life-health for both commercial and personal lines.6/2/2021 11:35:00 AMLife-HealthLife-Health Sales & MarketingJuneDave Evans
Equity in Action: Why Risk Rating 2.0 Will Change the Industryhttps://www.iamagazine.com/magazine/issues/2021/june/equity-in-action-why-risk-rating-2-0-will-change-the-industryEquity in Action: Why Risk Rating 2.0 Will Change the IndustryFEMA has branded Risk Rating 2.0 as “Equity in Action”—and it’s easy to see why. It will revolutionize the way the NFIP rates are structured, making the process fairer and easier to understand for those looking to purchase federal flood insurance. 6/2/2021 11:30:00 AMFloodFloodJuneJoe Rossi
4 Ways to Grow Your Business, Not Potential E&O Claimshttps://www.iamagazine.com/magazine/issues/2021/june/4-ways-to-grow-your-business-not-potential-e-o-claims4 Ways to Grow Your Business, Not Potential E&O ClaimsGrowing your business can carry risks. Here are four things to keep in mind to avoid potential errors & omissions claims as you look to improve.6/2/2021 11:25:00 AME&O Loss ControlE&O Loss ControlJuneDavid Holt
How the Title VII Ruling Has Affected the EPLI Markethttps://www.iamagazine.com/magazine/issues/2021/june/how-the-title-vii-ruling-has-affected-the-epli-marketHow the Title VII Ruling Has Affected the EPLI MarketOne year after the U.S. Supreme Court's Title VII ruling prohibited workplace discrimination based on gender identity and sexual orientation, independent agents must make sure their commercial clients are taking action to reduce employment practices liability risk.6/2/2021 11:20:00 AMEmployment PracticesEmployment Practices Diversity & InclusionJuneAnneMarie McPherson
5 Best Practices to Embrace LGBTQ+ Clients https://www.iamagazine.com/magazine/issues/2021/june/5-best-practices-to-embrace-lgbtq-clients5 Best Practices to Embrace LGBTQ+ Clients Paying attention to the LGBTQ+ community is simply good business and should matter to any independent insurance agency seeking to do better.6/2/2021 11:10:00 AMSales & MarketingSales & MarketingJuneBernadette Smith
3 Ways to Realize the Value of Digital Investmentshttps://www.iamagazine.com/magazine/issues/2021/june/3-ways-to-realize-the-value-of-digital-investments3 Ways to Realize the Value of Digital InvestmentsBefore buying new software or testing out new tactics, independent agents need to understand their needs. Here are three ways to evaluate your agency to prioritize the digital investments that deliver the most value.6/2/2021 11:05:00 AMTechnologyTechnologyJuneTyler Asher
Declaration of Independents: Jonathan Thedershttps://www.iamagazine.com/magazine/issues/2021/june/declaration-of-independents-jonathan-thedersDeclaration of Independents: Jonathan ThedersIn 2010, Jonathan Theders helped launch RiskSOURCE—"an insurance product we created as a risk management audit tool," he says. "This product took our local area by storm, and we grew at a very high rate."6/2/2021 11:00:00 AMPerpetuation & ValuationPerpetuation & ValuationJuneOlivia Overman