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Tect Trends and Resources for the Independent Agent

News & Views

for the week of Nov 1

Insight + Analysis for the Independent Agent

House Hearing Examines Pandemic Insurance Proposals
House Hearing Examines Pandemic Insurance Proposals
The House Subcommittee on Housing, Community Development and Insurance held a virtual hearing examining how the pandemic has impacted the insurance industry and how to insure for the future. The Big "I" submitted written testimony.

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Big ‘I’ Continues Push to Exempt Agents from Federal Reporting Requirement
The Big “I” has secured a full exemption for independent agents and brokers from onerous requirements in the National Defense Authorization Act and will advocate that the exemption is included going forward.
Big ‘I’ Continues PPP Advocacy
Big ‘I’ Continues PPP Advocacy
The Big “I” joined a number of organizations this week in sending letters to the Trump administration and congressional leaders on the Paycheck Protection Program's overly burdensome loan forgiveness process for small business owners.
J.D. Power and Big ‘I’ Study Highlights Independent Agent Challenges
J.D. Power and Big ‘I’ Study Highlights Independent Agent Challenges
A study released this week by J.D. Power in alliance with the Big "I" highlights consumers' need for a more personalized approach and areas in which independent agents need to up their game in order to remain competitive.
Home for the Holidays: Mitigating Outdoor Get-Together Risk
Home for the Holidays: Mitigating Outdoor Get-Together Risk
With festivities looking much different this year, clients may be hosting outdoor Thanksgiving gatherings. Agents should make sure their clients are aware of important steps to keep the holiday season jolly.
Student of the Industry: 4 E&O Lessons from an Insolvency
Student of the Industry: 4 E&O Lessons from an Insolvency
Insolvency and errors & omissions risk go hand in hand and when claims aren't settled, insureds may turn to the agent for restitution. Here are four lessons from a real case.
Sad to See You Go: Should Agents Follow Up on a Request to Cancel?
Sad to See You Go: Should Agents Follow Up on a Request to Cancel?
When a customer sends you a cancellation request, do you follow up with a letter asking if there is a problem?
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Access LET’s Virtual Summit Video Hub
Did you miss any sessions from the Big “I” Lead. Educate. Tech. Virtual Summit? Catch them on-demand now.
Free Holiday Content-to-Share Materials Available
As a Trusted Choice® independent agent, you have access to a plethora of free ready-to-post digital marketing materials to promote your agency.
CoverWallet for Agents Joins ACT
InsurTech focused on commercial lines distribution is new partner of the Agents Council for Technology.
Digital Review Now Features a Competitor Analysis
What key words are driving your online traffic? How about your local competition?
New 401(k) Provision Effective Jan. 1, 2021
The SECURE Act introduced an additional category of eligible employees: long-term part-time employees.
Cyber Liability Resources Available with Big ‘I’ Markets
Big “I" Markets partnered with Coalition to add a robust cyber liability policy and free cyber risk management tools to the product lineup.
TrustedChoice.com Wins Best Insurance Website Award
TrustedChoice.com is the recipient of the Best Insurance Website of 2020 award from WebAwards.
Agency Universe Survey Response Due Nov. 27
Your feedback is more important than ever. Participating agencies will be entered into a drawing for prizes including a $1,000 grand prize.
Supreme Court Hears Arguments in ACA Case
Supreme Court Hears Arguments in ACA Case
Earlier this week, the U.S. Supreme Court heard oral arguments in a case arguing that the Affordable Care Act should be ruled unconstitutional. A decision is expected toward the end of June 2021.

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InsurPac Impacts the 2020 Election With a 93% Victory Rate
During this election cycle, InsurPac disbursed close to $2 million to a total of 254 federal campaigns, winning at least 235 of them and impacting races involving independent agents.
Federal Housing Administration Proposes Private Flood Insurance Rule
FHA Proposes Private Flood Insurance Rule
In a win for the Big “I,” the Federal Housing Administration proposed a new rule for private flood insurance that would allow consumers to purchase private flood insurance.
5 Options for Selling Your Agency
5 Options for Selling Your Agency
As an independent agency owner you are part of a community, and when it's time to sell your agency you have to decide what type of legacy you want to leave. Here are five options to consider.
6 Steps to Create Content for Search Engine Optimization
6 Steps to Create Content for Search Engine Optimization
By structuring your agency's website content around keywords potential readers are searching for, you can bring in traffic and even new customers. Here are six steps to create a solid content plan.
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Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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