News

The Federal Advisory Committee on Insurance (FACI) members heard a variety of presentations and discussed several issues that are top of mind for regulators, policymakers and agents.

Independent agent carrier satisfaction increased for the second consecutive year in 2022, recovering from a pandemic-related decline in 2020.

The U.S. Senate passed legislation funding the government through Dec. 16, reauthorizing the National Flood Insurance Program (NFIP) and including the Big “I”-supported “Hermit’s Peak Fire Assistance Act.”

The Trusted Choice Relief Fund is available to provide financial assistance to insurance industry personnel impacted by Hurricane Ian.

The hearing highlighted the significant increase in wildfire risk over the last several years.

The study by J.D. Power shows that the increase in auto premiums is dragging down the overall satisfaction of policyholders and hurting retention rates of bundles.

The final rule redefines third-party marketing organizations to include individual agents and brokers, who will now be subject to new requirements.

Best Practices agencies hit all-time highs in organic growth and profitability, according to the study.

If you missed it, get up to speed on the new Big “I” chairman, panelists at the Young Agents Leadership Institute and the new Trusted Choice® mascot.

Longtime Big “I” government affairs head Charles Symington will succeed Rusbuldt.