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Tect Trends and Resources for the Independent Agent

News & Views

for the week of Jul 20

Insight + Analysis for the Independent Agent

Senate Republicans Plan New COVID-19 Relief Package
Senate Republicans Plan New COVID-19 Relief Package
As negotiations on this relief package continue in the coming weeks, the Big "I" will provide updates on important developments.

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Big ‘I’ Secures Exemption for Agents from New Burdensome Federal Reporting Requirement
The Big “I” was successful in securing a full exemption for independent insurance agents and brokers to the “FY21 National Defense Authorization Act,” which was passed this week by the House.
Insurance Premiums Considered ‘Essential’ in Small Business Comeback Act
Insurance Premiums Considered ‘Essential’ in Small Business Comeback Act
The “Small Business Comeback Act” would create the Small Business Recovery Fund to provide federal grants for operational expenses to help businesses reopen and stay open during the COVID-19 pandemic.
Big ‘I’ Urges Congress to Give Trade Associations Access to PPP Loans
With Congress expected to consider another COVID-19 relief package in the coming weeks, the Big “I” sent a letter urging an expansion of the Paycheck Protection Program to include 501(c)(6) nonprofit associations.
Student of Industry: Picky Fishers and the Hardest Insurance Market
Student of Industry: Picky Fishers and the Hardest Insurance Market
COVID-19 has the potential to drive price increases on lines of business that are impacted by this historic event, but if insurer finances also enter the picture it can be an entirely different story.
Fresh Perspective: Meet Young Agent Heather Becke
With the next generation and insurance, "it's better if millennials do get involved because, for example, when you first start driving, you don't understand the risk or how much insurance costs," says Heather Becke, independent agent, "so having younger people involved provides that comfort level to the client."
Fresh Perspective: Meet Young Agent Kyle Beggs
"You need a mix of young, up-and-coming people that are learning the industry alongside people who have 30-40 years of experience," says Kyle Beggs, independent agent. "When we all work together it makes a heck of a synergy."
Is Carrier Right to Deny Coverage for Burst Pipe and Concrete Slab Damage?
Is Carrier Right to Deny Coverage for Burst Pipe and Concrete Slab Damage?
A PVC pipe burst and damaged the building's concrete slab. The insurance carrier is excluding coverage for the pipe based on the “wear and tear” exclusion, and excluding coverage for the damaged slab because “foundations below the surface of the ground” are not covered.
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ACT Releases Cyber Guide 3.0
The new version includes streamlined navigation and updated resources, including an expanded cybersecurity provider guide.   
Participate in Independent Agent Satisfaction Study
Starting this week, Big “I” members will be receiving an email invitation to the third annual J.D. Power 2020 Independent Insurance Agent Satisfaction Study.
Leading a Safe Reopening
Caliper has advice on how leadership can make all the difference in making sure employees return to work safely and effectively.
Trusted Choice® Goes Primetime
TV segments will highlight the value of Trusted Choice independent agents.
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Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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