Login to Big "I" Markets  /  Retrieve Password      June 12, 2018

In This Issue:
Affluent Homeowners - AIG    |    Special Feature    |    Home Business Insurance - RLI    |    Webinars    |    TRIVIA!

Their underwriting approach is to offer quality coverage at a competitive price, regardless of property age as long as updated within the last 30 years.
ARMR.Network, LLC specializes in environmental risks and insurance for a restoration contractor, condominium association, real estate investment trust, contractors, or a fuel storage tank owner
Provides packaged policies for franchised & boutique hotel owners. 1-5 story hotels with TIV up to $25M

Despite Subtropical Storm Alberto arriving ahead of this year's Hurricane Season (June 1 - November 30) it is expected to be about average, maybe a little above average. Unlike the very warm waters of last year, the waters where hurricanes form and develop are cooler which will provide less of the energy they need. The National Oceanic and Atmospheric Administration (NOAA) gives a 70% chance of 10-16 named storms (sustained winds 39+ mph) with 5-9 becoming hurricanes (74+ mph) and 1-4 of those becoming major hurricanes (Cat 3, 4, or 5 - 111+ mph). An average season produces 12 named storms, six hurricanes and three major hurricanes.

By contrast 2017 produced 17 named storms, 10 hurricanes and SIX major hurricanes including two (Irma & Maria) at Cat 5. Cat 5 hurricanes normally occur once every three years. Additionally all 10 hurricanes occurred in a row, meaning at least two were active at the same time from the first to the last. 2017 had a damage total of at least $282.16 billion.

How active the season will be is no predictor of whether one will hit the U.S. Some active seasons have no landfall in the U.S., while 1992 had only four hurricanes but that included Hurricane Andrew which shredded southern Florida while causing over $27 billion in damage. Northern and midwestern states might think themselves safe from hurricanes but in 1954 Hurricane Hazel hit Toronto just barely under a Cat 1. On the other hand here are a few East Coast areas that haven't been hit since at least the 1960's going back to 1878. There's really no telling where a hurricane will hit, so it helps to be prepared.

AIG's Hurricane Protection Unit has developed a comprehensive checklist for preparing for a hurricane, starting with general items such as checking the caulk around windows and doors to having the roof double-checked if you have any work done on it. It covers what to do as a hurricane is threatening, such as moving items to the center of rooms and elevating them against pooling water, and putting important documents into airtight plastic containers. Finally it addresses what to do afterwards, such as run the AC to help dry out the house faster.

AIG's Private Client Group homeowners coverage is available for dwelling replacement cost coverage valued at $500k or more in most states.

  • Yachts as part of a package account. Monoline yachts with a hull value of $300,000 and higher in non-CAT areas are also considered ($1M value in CAT areas)
  • Jewelry, fine art, collections, as part of a package acct. High symbol, high performance vehicles with acceptable driving records as part of a package acct.
  • Collector car accounts as part of a package acct.
  • Condo or Renters with at least $250,000 in contents
Included are:
  • Guaranteed replacement cost - Included in most states
  • Back-up of sewers and drains - Included; up to dwelling value
  • Business property - Up to $25,000
  • Deductible options - Up to $100,000 available
  • Primary flood - Available
  • Equipment breakdown - Available
  • Identity fraud restoration expenses, ATM robbery, and financial fraud, embezzlement or forgery - Available
  • Traumatic threat or event recovery - Available
  • Green rebuilding expenses - Available
  • Waiver of deductible on losses over $50,000 - Available
  • Replacement cost cash out option - Included
  • Lock replacement - Included; no deductible
  • Food spoilage - Included
  • Loss prevention devices following a claim - Included; up to $2,500 available
AIG's Private Client Program is available to registered Big "I" Markets agents in all states. Blow on over to Big "I" Markets and click on Affluent Program - New Business to learn more!  

Big "I" Virtual Risk Consultant (VRC) Demos Added

The Big I Advantage® Virtual Risk Consultant (VRC), powered by Rough Notes, is a trusted insurance knowledge base platform available exclusively to Big "I" members. We have recently developed eight new training videos to help you get up and running with VRC.

Topics include:
  • Overview
  • Personal Lines Risk Exposure System
  • Personal Lines E&O Checklists
  • Commercial Lines E&O Checklists
  • Coverages Applicable
  • eMarketing for Agencies
  • Policy Forms & Manuals (PF&M)
  • Insurance Words and Their Meanings
VRC helps you quickly get the information you need to understand your customers' operations and exposures while identifying appropriate coverages. As a Big "I" member, you enjoy exclusive member pricing which represents an extraordinary value. Annual plans start at just $250/year per agency for up to 15 users. Similar products in the marketplace sell for thousands per year.

Learn more at www.independentagent.com/VRC or click here to register.  

Spinning, Scratching and Digging

No, we're not referring to Fido! These are just a few of the terms used to describe the techniques used in the art of DJing. DJs, or disc jockeys, are artists and musicians in their own right, manipulating music to create new and exciting beats for people's listening pleasure.

The Evolution of DJing
DJing has evolved over the decades. Jazz was the music of choice at the first-known DJ dance party in 1943, followed by hip hop and disco in the 70s and synth-pop music in the 80s. Today, DJs are mixing and creating new genres of electronic dance music, or EDM.

DJ equipment has progressed over time as well. In the 1950s, two turntables may have been used to backspin the vinyl; however, today's DJs have the ability to use software and digital equipment such as MP3s, laptops, mixers and PA (public address) systems.

Saying "I Do" to DJs
DJs and wedding receptions "mix" together well. In fact, one wedding survey showed that more than 81 percent of guests say what they remember most about a wedding is the reception entertainment.

Wedding DJs can create unforgettable events with the reception entertainment they provide, not to mention their emcee abilities, personality and performance talents. They keep the atmosphere lively and the dancing continuous.

So don't wait - get the party started! Keep your DJ spinning, scratching and digging when you purchase business personal property and liability coverage provided by RLI Home Business Insurance.

Rates have been lowered in most states! Check out the rates in your state.

Be the booking agent for your DJ with an RLI Home Business Insurance policy. RLI is a specialty insurance company serving niche or underserved markets. RLI's proven, superior underwriting model creates flexibility to write unique coverages in a wide array of diverse industries.

RLI streamlines processes, eliminates red tape and puts decision-making in the hands of its expert underwriters, giving them the resources and freedom to drive growth so producers can quickly and easily get customers the coverages they need.

Visit www.iiaba.net/HomeBusiness to learn more.  


Executive Liability: Current Trends in D&O Liability and Insurance
Big "I" Virtual University
How to Hire Successful People Into a Dysfunctional Team
Date: Wednesday, June 13
Time: 1:00 - 2:30pm EST
Cost: $49 (includes live presentation, recording and written transcript)
Instructor Kevin M. LaCroix has been involved in directors' and officers' liability insurance for more than 30 years, as an attorney and EVP at firm focused exclusively on management liability issues and coverage issues. During this 90-minute webinar on D&O Liability and Insurance, LaCroix will answer questions like:
  • What are the current claims trends in D&O liability?
  • Where is D&O liability headed?
  • What are the future claims trends?
  • What are the important D&O insurance coverage issues and policy wording issues?
VU webinars offer comprehensive looks at industry issues. If you are looking for quick strikes of knowledge check out the VU's 20-minute Lightning Learning series that will focus on HO Trust Endorsements for the month of June. Please send any questions to VU staff.
In case you missed Caliper's live webinar on How to Hire Successful People Into a Dysfunctional Team, you can view it on demand now. Below, you will find links to the recording and PowerPoint slides. Also, be sure to check out Caliper's Certification Program so that you can further leverage your expertise as a talent management resource in this area and obtain valuable credentials! If you have any other questions about the presentation or would like Caliper to help you ensure new hire and team success, visit: www.calipercorp.com/iiaba.  
Agency Risk Management Essentials:
Navigating the Hazards of Buying, Selling and Merging an Agency
Big "I" Professional Liability
Lightning Learning for June
Big "I" Flood
Date: Wednesday, June 20
Time: 2:00 - 2:30pm EST
Cost: FREE
In just 90 minutes our panelists will steer attendees through the many hazards associated with buying, selling and merging an agency. Attendees will be provided with the essentials, as well as some tax and E±O implications of a merger or acquisition. Finally, we will have some claim examples of how bad claims happened to good agents following such a change.

The panel discussion will feature Bob Skow, CPCU, CAE, former CEO of the Independent Insurance Agents of Iowa; Dirk S. Nohre, CPA, CPCU, ABV, President, Nohre & Co. Certified Public Accounts and Consultants: Matt Davis, Swiss Re Corporate Solutions Claims Manager; and Jim Redeker, Swiss Re Corporate Solutions Claims Manager. Annette Ardler, CPIW, DAE, AIAM of Swiss Re Corporate Solutions will moderate the discussion.

If you have any questions relating to the topic that you would like addressed during the discussion, please email Big "I" Professional Liability's risk management director Jim Hanley.

This webinar series is provided by the Big "I" Professional Liability risk management team. A collection of risk management resources, including articles, checklists and webinar recordings, are available on the E&O Happens website. Log in with your Big "I" username and password to check it out.
Date: June 5, 21
Time: 11:30 - 11:50 a.m. EST
Cost: $9.99 for both sessions
The VU's June Lightning Learning series features two 20-minute sessions dedicated to HO Trust endorsements and legal liability. Even if you can't participate in the live sessions, you will receive a link to the on-demand recordings and can listen to them at your leisure. Register once and attend:
  • June 5 - Understanding the HO's Three Trust Endorsements
    One entity eligible for a HO policy is a Trust. However, ISO provides three trust endorsements - which one (or two) do you use? The answer depends on the situation. In this session we discuss the available endorsements and detail when each is to be used.
  • June 21 - How Does a "Person" Become Legally Liable
    Liability policies respond when an insured is legally required to pay for certain damages or injuries. Legal liability is liability imposed by the courts on the person or entity responsible for the injury or damage suffered by another party or individual. Such legal obligations (or liability) can arise from intentional acts, unintentional acts or contracts (express or implied) and generally deals with civil wrongs rather than criminal wrongs. Learn legal liability and what is required.
Consider presenting conference style for the entire agency to benefit. Please send any questions to VU staff.  

Be one of the first five with the correct answers and win a $5 gift card (Starbucks, Dunkin' Donuts, Baskin Robbins, or Krispy Kreme).

Don't forget to answer the Tie Breaker!

1. Hurricane Andrew was the most destructive hurricane to hit Florida until Hurricane _________ 25 years later?
2. On this date in 1979 Bryan Allen was the first to fly what type of craft over the English Channel?
3. Real name Robert Weston Smith, he epitomized the 1950s disc jockey, particularly with a cameo appearance in the film, American Graffiti. Who is he?

TB - On June 5th, Gabby Dimarco caught a foul ball in an unusual way at a Braves/Padres game in San Diego. With what did she catch the ball?

Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
  1. Small Commercial
  2. Travel Insurance
  3. E&O Checklists

Congratulations to our agent in Congratulations to our agent in Pennsylvania on a Small Commercial sale of $12,856 in premium!  

TFT Archives    |    Big "I" Markets Help Desk    |    Email Us    |    703-647-7800  (9am-5pm ET)    |    BACK TO TOP

You have received Two for Tuesday because you are a registered member of Big "I" Markets. Two for Tuesday is a weekly newsletter designed to provide you with information concerning commercial products and services available to you through Big "I" Markets. (Product availability varies by state.) IIABA, your professional association, along with its subsidiaries, including Big "I" Advantage, Inc., works hard to bring information to you about valuable products and services that could enhance your ability to succeed in the industry's competitive environment. If you do not wish to receive Two for Tuesday click the link below.
Click here to unsubscribe.
IIABA Social Channels
Share on Facebook Share on Twitter Share on LinkedIn Share Share