News

NFIP Lapse Possible as Congress Considers Funding Legislation

As of press time, Congress has yet to pass government funding legislation to keep the federal government open beyond Tuesday, Sept 30. The National Flood Insurance Program (NFIP) is currently scheduled to expire on the same date.

Applied Systems Acquires Cytora

The acquisition of Cytora, a U.K.-based digital risk processing company, will allow Applied to accelerate its vision of delivering a connected end-to-end policy lifecycle.

Independent BROKERS TIME Act Introduced in Senate

The bipartisan bill directs the Health and Human Services (HHS) Secretary to update regulations for independent agents, brokers and third-party marketing organizations (TPMOs) under Medicare Parts C and D.

1 in 3 Independent Agency Employees Use AI

Despite artificial intelligence (AI) becoming increasingly integrated into independent insurance agencies, only 12% of agencies have a well-defined usage policy, according to Liberty Mutual.

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