Perpetuation Planning for the Unexpected
Many owners think that having a perpetuation plan is something that only older agency owners need to worry about, but the reality is that every agency owner needs to have a plan in place.
Agency Operations
8 Strategies for Staying Informed About Carrier Ratings
Insurance carrier ratings provide insights into the financial strength, stability and reputation of insurers and help you when recommending coverage options to your clients.
Declaration of Independents: Ivie Isler
In 2023, Isler received the InsurPac Young Agent of the Year award for helping AIIA win its first InsurPac Eagle Award. In 2024, she received the national Young Agent of the Year Award for leadership in her local and state associations.
Up to 10 Named Storms Forecasted During ‘Supercharged September’
Following a brief lull in tropical activity in the wake of Hurricane Ernesto, the conditions are now primed for a series of back-to-back storms over the next few weeks in the Atlantic.
Agency Nation Meets: Nancy Germond
Nancy Germond, Big “I” executive director of risk management and education, is a second-generation insurance professional who has written scores of risk-management articles and a book on workers compensation.
Should a Disclaimer Be Added to an AOR Letter?
An agency is considering adding language to its agent of record (AOR) letter advising that the agency is not responsible for any deficiencies that exist in the coverage until it has a reasonable chance to review the coverages.
5 Ways a CAT Event Can Impact Agency Valuations
The increase in catastrophic events and higher loss ratios has the potential to significantly impact agencies’ profit sharing, revenue, carrier appointments and other valuation factors.
6 Steps to Prevent a Client From Canceling Their Policy
While preventing every cancellation is impossible, a well-executed process can save clients and retain more business.
5 Ways to Avoid E&O Claims as You Train Your Team
As agency managers strive to perpetuate their agency, here are key areas to focus training and administrative efforts to reduce errors & omissions exposures.
Declaration of Independents: Ashley Stafford
In her short insurance career, Stafford has acquired the certified professional insurance agent (CPIA) designation and was recognized as a 2023 Young Agent Mover and Shaker by Insurance Agents & Brokers (IA&B).
